XL: Dividend of $0.10 Per Ordinary Share
XL Group announced today [July 26] that its Board of Directors has declared a quarterly dividend of $0.10 per ordinary share payable on the Company’s ordinary shares. The dividend will be payable on September 30, 2010 to ordinary shareholders of record as of September 15, 2010. T
The payment of the dividend is contingent on the completion of certain formalities under Irish company law, following the Irish High Court’s approval on July 23 of the Company’s creation of distributable reserves.
In addition, the Board of Directors of XL Group Ltd., a wholly owned subsidiary of the Company, resolved to pay a dividend of $32.50 per share on XL Group Ltd.’s Series E Perpetual Non-Cumulative Preference Ordinary Shares. The dividend will be paid on October 15, 2010 to all Series E Perpetual Non-Cumulative Preference Ordinary shareholders of record as of October 14, 2010.
XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis.
