Assured Guaranty Ltd. Raises Quarterly Dividend by 11% to $0.31 per Common Share

Rhea-AI Summary

Assured Guaranty Ltd. (AGO) has increased its quarterly dividend by 11% to $0.31 per common share, continuing its trend of raising dividends annually since 2012. The dividend will be paid on March 20, 2024, to shareholders of record on March 6, 2024. Assured Guaranty provides credit enhancement products to various markets and is involved in asset management through Sound Point Capital Management, LP.

Insights

Financial Analyst

The announcement of Assured Guaranty Ltd.'s dividend increase is a positive signal to shareholders, reflecting the company's financial health and confidence in its ability to generate consistent cash flow. An 11% increase in the dividend payout is significant, surpassing the average annual dividend growth rate for the S&P 500, which has historically ranged between 5-6%. This move could potentially attract income-focused investors and bolster the stock's attractiveness.

Assured Guaranty's consistent dividend raises since 2012 demonstrate a commitment to returning value to shareholders. This consistency can also be indicative of a stable earnings outlook, which is a critical factor for long-term investment considerations. However, investors should also evaluate the payout ratio to ensure that the dividends are sustainable and not at the expense of the company's growth opportunities or financial stability.

Market Research Analyst

In the broader context of the credit enhancement and asset management industry, Assured Guaranty's dividend increase may be a strategic move to maintain a competitive edge. The company operates in a niche market, providing credit enhancement products to public finance and infrastructure sectors, which can be sensitive to economic cycles and interest rate changes. Therefore, the company's ability to raise dividends could signal underlying strength in these markets.

It's also worth noting the company's involvement through its ownership interest in Sound Point Capital Management, LP, which suggests a diversified revenue stream that could support dividend payments. Potential investors and current shareholders might view this diversification as a buffer against sector-specific risks, thereby potentially reducing the stock's overall risk profile.

Company Has Raised Dividends Every Year Since 2012

HAMILTON, Bermuda--(BUSINESS WIRE)-- Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share, an increase of 11% from the quarterly dividend of $0.28 per common share that was declared on November 1, 2023.

The dividend is payable on March 20, 2024 to shareholders of record at the close of business on March 6, 2024.

Assured Guaranty Ltd. is a publicly traded (NYSE: AGO) Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets. Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP. More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240221980730/en/

Assured Guaranty Ltd.

Investor Relations:

Robert Tucker, 212-339-0861

Senior Managing Director, Investor Relations and Corporate Communications

rtucker@agltd.com

Media:

Ashweeta Durani, 212-408-6042

Vice President, Corporate Communications

adurani@agltd.com

Source: Assured Guaranty Ltd.

FAQ

What is the quarterly dividend amount per common share for Assured Guaranty Ltd. (AGO)?

Assured Guaranty Ltd. (AGO) has declared a quarterly dividend of $0.31 per common share.

When will the dividend be payable to shareholders of Assured Guaranty Ltd. (AGO)?

The dividend will be payable on March 20, 2024, to shareholders of record on March 6, 2024.

What business segments does Assured Guaranty Ltd. (AGO) operate in?

Assured Guaranty Ltd. (AGO) provides credit enhancement products to the U.S. and international public finance, infrastructure, and structured finance markets. The company also has an ownership interest in Sound Point Capital Management, LP.

Does Assured Guaranty Ltd. (AGO) have a history of increasing dividends?

Yes, Assured Guaranty Ltd. (AGO) has raised dividends every year since 2012.

Where can more information about Assured Guaranty Ltd. (AGO) be found?

More information about Assured Guaranty Ltd. (AGO) and its subsidiaries can be found at AssuredGuaranty.com.