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.
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