Allied World Quarterly Dividend: $0.375 P/Share
Bermuda based re/insurer Allied World Assurance Company Holdings today [July 25] announced that it has approved a quarterly dividend equal to $0.375 per share payable on August 5, 2011 to shareholders of record on July 27, 2011, subject to a required filing with the Swiss Commercial Register in Zug. The company’s transfer agent will make dividend payments in United States dollars.
This dividend payment will be made in the form of a par value reduction. The amount of the par value reduction in Swiss francs (CHF) is CHF 0.30, based on the USD/CHF exchange rate as of July 18, 2011. This is the first of four partial par value reductions for dividends that were approved by the company’s shareholders at the Allied World 2011 Annual Shareholder Meeting held at the company’s offices in Zug, Switzerland on May 5, 2011.
