ACE Limited Shareholders Approve 34% Quarterly Dividend Increase
ZURICH--(BUSINESS WIRE)-- ACE Limited (ACE) announced today that its shareholders approved a resolution at an extraordinary general meeting to increase the companys quarterly dollar-denominated dividend by 34%, from $0.35 per share to $0.47 per share.
This action amends the existing dividend resolution approved by shareholders on May 18, 2011, and will apply to the next two quarterly dividend installments, the first of which will be payable on January 31, 2012, to shareholders of record at the close of trading on the New York Stock Exchange on January 10, 2012.
The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.
Helen M. Wilson, (441) 299-9283
Stephen M. Wasdick, (212) 827-4444
Source: ACE LimitedCopyright Business Wire 2012