Assured Guaranty Ltd. (NYSE:AGO) Shares Set to Pay Quarterly Dividend of $0.38

Assured Guaranty Ltd. (NYSE:AGO) declared a quarterly dividend on Wednesday, November 4th. Shareholders 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 is Wednesday, November 18th.

Assured Guaranty has raised its dividend by an average of 0.1% per year over the last three years and has increased 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. 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 Stock Up 1.7%

Shares of Assured Guaranty stock traded up $1.21 on Wednesday, hitting $72.50. The company had a trading volume of 303,585 shares, compared to its average volume of 373,920. The stock has a 50-day moving average of $71.15 and a 200-day moving average of $78.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.64 and a quick ratio of 0.64. 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 P/E ratio of 9.67 and a beta of 0.65.

Assured Guaranty (NYSE:AGO) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $1.23 EPS for the quarter. The business had revenue of $195.00 million for the quarter. Assured Guaranty had a net margin of 37.34% and a return on equity of 7.11%. Research analysts predict that Assured Guaranty will post 6.91 earnings per share for the current year.

Assured Guaranty Company Profile

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.