XL Increases Dividend

NU Online News Service, Jan. 17, 3:26 p.m. EST?XL Capital, Ltd., said it plans to pay a quarterly dividend of 50 cents per common share on March 31 to shareholders of record as of March 10.[@@]

The payment is one cent higher than the last year’s fourth-quarter dividend, the Hamilton, Bermuda-based company said.

The company’s board of directors also said it would pay 50 cents per share on March 31 to holders of Series A Preference shares as of March 30.

The board said it would pay less than 48 cents per share as of March 30 to all holders of Series B preference shares as of March 30.

On Friday, XL’s stock closed up 36 cents at $77.06 a share.