NEW YORK ( TheStreet) -- The ex-dividend date for Assured Guaranty (NYSE: AGO) is Monday, May 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $12.43 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for Assured Guaranty has been 2.1 million shares per day over the past 30 days. Assured Guaranty has a market cap of $2.35 billion and is part of the financial sector and insurance industry. Shares are down 6.3% year to date as of the close of trading on Thursday. Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets primarily in the United States, Europe, and Australia. The company has a P/E ratio of 16.3, below the average insurance industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Assured Guaranty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Assured Guaranty Ratings Report. See our dividend calendar or top-yielding stocks list.