Assured Guaranty Raises Dividend
Assured Guaranty 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.
The article Assured Guaranty Raises Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Assured Guaranty. The Motley Fool has no position in Assured Guaranty. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.