Assured Guaranty Declares Dividend, Restores Buyback Program
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.
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