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

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. Shareholders of record on Wednesday, August 20th will be paid a dividend of 0.34 per share by the financial services provider on Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, August 20th.

Assured Guaranty has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of AGO stock traded down $2.32 on Friday, reaching $82.12. The company's stock had a trading volume of 527,099 shares, compared to its average volume of 294,588. The stock's fifty day simple moving average is $84.68 and its 200-day simple moving average is $86.38. Assured Guaranty has a 1 year low of $73.00 and a 1 year high of $96.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 9.07 and a beta of 0.88.

Assured Guaranty (NYSE:AGO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.56). The firm had revenue of $281.00 million for the quarter, compared to analysts' expectations of $203.91 million. Assured Guaranty had a return on equity of 7.20% and a net margin of 44.53%. The firm's quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share. Analysts forecast that Assured Guaranty will post 7.3 earnings per share for the current fiscal 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.