Assured Guaranty Ltd. (NYSE:AGO – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.38 per share by the financial services provider on Wednesday, December 2nd. This represents a $1.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 18th.
Assured Guaranty has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 7 years. Assured Guaranty has a payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Assured Guaranty to earn $6.33 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 24.0%.
Assured Guaranty Trading Up 1.7%
Shares of Assured Guaranty stock opened at $72.50 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.31. Assured Guaranty has a twelve month low of $67.24 and a twelve month high of $92.39. The firm has a market capitalization of $3.19 billion, a PE ratio of 9.67 and a beta of 0.65. The firm’s 50-day moving average price is $71.10 and its 200 day moving average price is $78.83.
Assured Guaranty (NYSE:AGO – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $1.23 EPS for the quarter. The company had revenue of $195.00 million during the quarter. Assured Guaranty had a return on equity of 7.11% and a net margin of 37.34%. On average, sell-side analysts predict that Assured Guaranty will post 6.91 EPS for the current fiscal year.
About Assured Guaranty
Assured Guaranty Ltd. (NYSE: AGO) is a Bermuda-based financial services company that provides credit protection products through its operating insurance subsidiaries. The company’s core business is financial guaranty insurance, which generally guarantees the payment of scheduled principal and interest on debt obligations if the issuer or borrower defaults.
Assured Guaranty primarily serves the public finance and infrastructure markets. Its guarantees support municipal bonds and other public-sector debt, as well as obligations related to transportation, utilities, social infrastructure and other essential-service projects.
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