Assured Guaranty Raises Dividend

The financial products insurer lifts its payout by 11%.

Eric Volkman
Eric Volkman
Feb 7, 2013 at 10:37PM

Assured Guaranty (NYSE:AGO) has announced an increase in its quarterly dividend. The new payout will be $0.10 per share of common stock, to be paid on March 7, to shareholders of record as of the end of February 21. This represents a raise of 11% over the $0.09 the company paid in each quarter of 2012.

Prior to that, the company had disbursed $0.45 in quarterly dividends, starting at the beginning of 2008.

The new dividend annualizes to $0.40 per share, for a yield of nearly 2.1% on the current share price of $19.24.