The Board of Directors of ACE Limited today voted to increase the quarterly dividend to 23 cents per ordinary share from 21 cents per ordinary share. Shareholders at the close of business on June 30 will be paid out on July 14.
|The board also declared a dividend of $4.875 per Cumulative Redeemable Preferred Series C share, payable on June 1, to shareholders of record at the close of business on May 31. The decision translates into 48.75 cents per Depositary Share.
|The ACE Group of Companies, under ACE Limited, is a provider of insurance and reinsurance for a diverse group of clients. The ACE Group has operating subsidiaries in more than 50 countries.
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