Assured Guaranty Ltd. (NYSE:AGO - Get Free Report) declared a quarterly dividend on Friday, May 2nd, RTT News reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.34 per share by the financial services provider on Friday, May 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, May 16th.
Assured Guaranty has raised its dividend payment by an average of 12.1% annually over the last three years. Assured Guaranty has a payout ratio of 18.8% 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 Trading Down 1.9 %
AGO traded down $1.65 on Wednesday, reaching $87.47. 230,401 shares of the company's stock were exchanged, compared to its average volume of 345,739. Assured Guaranty has a twelve month low of $72.57 and a twelve month high of $96.50. The company's 50 day moving average is $85.15 and its 200-day moving average is $88.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 6.81 and a beta of 0.82.
Assured Guaranty (NYSE:AGO - Get Free Report) last issued its earnings results on Thursday, February 27th. The financial services provider reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.07). Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. The business had revenue of $199.00 million during the quarter, compared to analysts' expectations of $199.56 million. Equities analysts predict that Assured Guaranty will post 7.3 earnings per share for the current year.
Assured Guaranty Company Profile
(
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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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