Assured Guaranty Ltd. Declares Quarterly Dividend of $0.34 (NYSE:AGO)

Key Points

• Assured Guaranty Ltd. announced a quarterly dividend of $0.34 per share, with an expected dividend yield of 1.6%, payable on September 3rd to investors of record on August 20th.
• The company has a strong earnings coverage with a payout ratio of 19.2%, and analysts predict an annual earnings per share of $6.50 for the next year.
• Assured Guaranty's stock price increased by 0.7% to $86.41, with a market capitalization of $4.24 billion and a price-to-earnings ratio of 10.31.

Assured Guaranty Ltd. (NYSE:AGO - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Wednesday, August 20th will be given a dividend of 0.34 per share by the financial services provider on Wednesday, September 3rd. This represents a c) annualized dividend and a dividend yield of 1.6%.

Assured Guaranty has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Assured Guaranty to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 20.9%.

Assured Guaranty Stock Up 0.7%

Shares of AGO stock traded up $0.62 on Wednesday, hitting $86.41. The company's stock had a trading volume of 16,802 shares, compared to its average volume of 325,106. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.83. Assured Guaranty has a fifty-two week low of $72.57 and a fifty-two week high of $96.50. The firm's fifty day moving average price is $84.69 and its 200-day moving average price is $86.54. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 10.31 and a beta of 0.88.

Assured Guaranty (NYSE:AGO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.03. The business had revenue of $345.00 million during the quarter, compared to analyst estimates of $257.96 million. Assured Guaranty had a net margin of 45.58% and a return on equity of 7.76%. During the same quarter in the previous year, the business earned $1.96 EPS. Research analysts anticipate that Assured Guaranty will post 7.3 EPS for the current year.

About Assured Guaranty

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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