
Please try another search
Assured Guaranty Ltd. (NYSE:AGO) announced that its subsidiary Assured Guaranty US Holdings Inc. has acquired a minority interest in Cadia (Malta) Limited. The acquisition is in sync with the company’s strategy to invest in alternative investments.
Cadia (Malta) Limited is the holding company of Rubicon Infrastructure Advisors (Rubicon), an investment banking firm in the global infrastructure sector. The acquirer has invested in Rubicon to back its global expansion.
Assured Guaranty is focusing to diversify its revenue stream. The company is strategically choosing to pump its resources into various businesses other than its core financial guaranty business with similar risk profiles but yielding superior returns. This in turn is likely to help lower the company’s excess capital. Last year, the company purchased a limited partnership in a fund. Assured Guaranty also acquired a minority stake in investment advisory, Wasmer, Schroeder & Company.
In a separate development, last week, the board of directors of Assured Guaranty approved a 12% increase in dividend to 16 cents per share in its endeavor to enhance shareholders’ value. The company has an impressive track record of paying quarterly dividends and raising the same for seven straight years. The company has grown its dividend by nearly 256% from 4.50 cents paid in November 2011. Notably, the company has tripled its quarterly payout since it went public in 2004.
Shareholders of record as of Mar 7, 2018 will receive the hiked dividend on Mar 21. The annualized dividend of 64 cents yields 1.8%, based on the closing price of $34.68 as of Feb 27.
Recently, the board of Chubb Limited (NYSE:CB) announced its intention to propose a 2.8% increase in annual dividend while Willis Towers Watson Public Limited Company’s (NASDAQ:WLTW) board members have hiked the company’s quarterly dividend by 13%. Also, Manulife Financial Corporation (NYSE:MFC) approved a 7% raise in quarterly dividend.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
The markets have been sluggish this week as investors hope for a jolt later in the week when AI juggernaut NVIDIA Corporation (NASDAQ:NVDA) reports fourth quarter and year-end...
On Friday, a wave of selling pressure swept across the US equity markets, leaving a trail of losses. The S&P 500 closed down 1.7%, the DOW slid 1.69%, and the NASDAQ tumbled a...
Palantir remains highly valued with a 460x P/E ratio and a 42.5x P/B ratio, far above its peers. The stock's beta of 2.81 signals high volatility, meaning sharp moves in both...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.