ACE Limited Shareholders Approve 4.25% Increase in Quarterly Dividend to $0.49
ACE Limited (NYSE: ACE) announced today that its shareholders have approved all matters submitted to the ACE Limited 2012 Annual General Meeting, held at the company's offices in Zurich, Switzerland, including a 4.25% increase to the company's quarterly dividend to $1.96 annually ($0.49 per quarter).
The dividend distribution will be in the form of a par value reduction payable in four installments. The amount of each installment in Swiss francs (CHF) will be adjusted up or down to equal $0.49 near the time of payment, subject to an aggregate cap for the four installments of CHF 2.70.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.