ACE: Dividends & $600 Million Repurchase
On November 18, the Board of ACE Limited declared a quarterly dividend equal to $0.33 payable on 11 January, 2011, to shareholders of record at the close of business on 16 December, 2010, subject to a required filing with the Swiss Commercial Register.
The company also announced its Board of Directors authorized the repurchase of up to $600 million of ACE’s common shares through 31 December, 2012, to offset, in whole or in part, potential dilution from the exercise of stock options and granting of restricted stock under ACE’s equity-based incentive plans.
