Assured Guaranty Ltd. (NYSE:AGO - Get Free Report) announced a quarterly dividend on Friday, May 2nd, RTT News reports. Shareholders 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 annualized dividend and a yield of 1.52%.
Assured Guaranty has increased its dividend payment by an average of 12.1% per year over the last three years. Assured Guaranty has a payout ratio of 18.8% indicating that 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 Performance
Shares of Assured Guaranty stock traded up $1.97 during trading hours on Friday, reaching $89.48. The company's stock had a trading volume of 26,155 shares, compared to its average volume of 312,226. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.91. Assured Guaranty has a one year low of $72.57 and a one year high of $96.50. The company's 50 day simple moving average is $85.30 and its 200 day simple moving average is $88.23. The stock has a market cap of $4.47 billion, a P/E ratio of 6.96 and a beta of 0.84.
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). The company had revenue of $199.00 million during the quarter, compared to analyst estimates of $199.56 million. Assured Guaranty had a net margin of 70.37% and a return on equity of 11.58%. As a group, analysts expect that Assured Guaranty will post 7.3 EPS for the current fiscal year.
Assured Guaranty Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Assured Guaranty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list.
While Assured Guaranty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
