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ACE Limited Declares First Quarter Dividend

Thursday, 28 Feb 2013 11:09am EST 

ACE Limited announced that it will recommend to shareholders at the Company`s 2013 Annual General Meeting a 4% increase in its quarterly dividend. The proposal calls for a $2.04 annual dividend, payable in four installments of $0.51 per quarter, compared to the current quarterly dividend amount of $0.49. The Board of Directors also declared a quarterly dividend equal to $0.49 payable on April 12, 2013, to shareholders of record at the close of business on March 28, 2013, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in United States dollars (USD) by the Company`s transfer agent. The Company`s par value is currently 28.89 Swiss francs (CHF) per share, and in connection with this dividend installment, the par value per share will be reduced on the record date by the CHF equivalent of $0.49 based on the USD/CHF rate published on March 22, 2013. This will be the fourth of four par value reduction installments as approved by the Company`s shareholders on May 16, 2012. 

Company Quote

-0.18 -0.15%
24 Dec 2014