Assured Guaranty Ltd. (AGO) To Go Ex-Dividend on May 15th

Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.38 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, May 15th.

Assured Guaranty has increased its dividend by an average of 0.1%annually over the last three years and has raised 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 $7.65 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 19.9%.

Assured Guaranty Price Performance

NYSE AGO opened at $80.80 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $83.43 and a 200 day simple moving average of $85.60. The company has a market cap of $3.62 billion, a P/E ratio of 7.89 and a beta of 0.81. Assured Guaranty has a 1 year low of $78.77 and a 1 year high of $92.39.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.78. The business had revenue of $277.00 million during the quarter, compared to the consensus estimate of $205.83 million. Assured Guaranty had a net margin of 45.31% and a return on equity of 7.77%. Assured Guaranty’s quarterly revenue was up 77.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 EPS. On average, sell-side analysts predict that Assured Guaranty will post 6.85 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.