Assured Guaranty Ltd. (NYSE:AGO) Declares Quarterly Dividend of $0.38

Key Points

• Assured Guaranty declared a quarterly dividend of $0.38 per share, payable September 3 to shareholders of record on August 20. The dividend implies a 1.8% annualized yield, and the company has raised its payout for seven consecutive years.
• The dividend appears well covered, with a current payout ratio of 21.4% and an expected forward ratio of 24.4%, based on projected earnings of $6.23 per share.
• Assured Guaranty reported quarterly earnings of $1.23 per share, below analysts’ $1.51 estimate. Shares fell 0.1% to $82.63, while the company maintained strong profitability with a 40.45% net margin.

Assured Guaranty Ltd. (NYSE:AGO - Get Free Report) announced a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, August 20th will be given a dividend of 0.38 per share by the financial services provider on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, August 20th.

Assured Guaranty has increased its dividend payment 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. Research analysts expect Assured Guaranty to earn $6.23 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 24.4%.

Assured Guaranty Trading Down 0.1%

Shares of AGO stock traded down $0.11 on Thursday, reaching $82.63. 289,314 shares of the company's stock were exchanged, compared to its average volume of 348,911. The company's fifty day simple moving average is $80.16 and its 200 day simple moving average is $81.97. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $3.65 billion, a PE ratio of 9.49 and a beta of 0.75. Assured Guaranty has a 52 week low of $72.76 and a 52 week high of $92.39.

Assured Guaranty (NYSE:AGO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.28). Assured Guaranty had a net margin of 40.45% and a return on equity of 6.98%. As a group, analysts forecast that Assured Guaranty will post 7.08 EPS for the current year.

Assured Guaranty Company Profile

Assured Guaranty Ltd is a Bermuda-domiciled provider of financial guaranty insurance and reinsurance products serving public finance, infrastructure and structured finance markets. The company's primary business activity is credit enhancement, whereby it guarantees the timely payment of principal and interest on debt obligations issued by municipal and infrastructure entities. By combining rigorous risk assessment with active portfolio management, Assured Guaranty helps issuers access capital at more attractive rates while protecting investors against credit events.

In its public finance segment, the company underwrites municipal bond insurance for state and local governments, public-private partnerships and essential infrastructure projects.

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