Assured Guaranty is attempting two well-tried moves to keep shareholders happy. The first is a quarterly dividend distribution amounting to $0.10 per share of its stock, to be handed out on June 5 to shareholders of record as of May 22. That amount matches Assured Guaranty's previous disbursement, which was paid in March.
The dividend annualizes to $0.40 per share, yielding 1.7% at the firm's current stock price of $23.20.
The second move is the restoration of Assured Guaranty's share repurchase program. This has been reset at the previous level of $200 million. The company had set that figure in mid-January and has been buying stock since then.
The article Assured Guaranty Declares Dividend, Restores Buyback Program originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Assured Guaranty, and neither does The Motley Fool. 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.