ACE Approves 34% Dividend Rise
ACE Limited announced yesterday [Jan.9] that its shareholders approved a resolution at an extraordinary general meeting to increase the company’s 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.
