Assured Guaranty Boosts Dividend
Bermuda-based holding company of providers of credit enhancement products Assured Guaranty Ltd. yesterday [Feb.9] announced a quarterly common dividend of nine cents per share, up 100 percent from that paid on 30 November 2011.
All shareholders of record at the close of business on February 23, 2012 will receive the dividend on March 8, 2012.
Assured Guaranty Ltd. provides, through its subsidiaries, credit protection products to the United States and international public finance, infrastructure and structured finance markets.
The company has two segments: financial guaranty direct and financial guaranty reinsurance. The company’s financial guaranty direct and financial guaranty reinsurance businesses provide credit enhancement, or principal and interest payment default protection, on public finance/infrastructure and structured finance obligations.
The firm’s principal operating subsidiaries include Assured Guaranty Corp., Assured Guaranty Municipal Corp., and Assured Guaranty Re Ltd. The company primarily conducts its business through subsidiaries located in Bermuda, the United States and Europe.
