AWAC Proposes Quarterly Dividend Increase
Bermuda-based Allied World Assurance Company Holdings, AG announced today that in its recently filed Preliminary Proxy Statement the company’s Board of Directors has proposed an increase in its quarterly dividend from $0.375 to $0.50 per share.
The company’s dividend payments will be made from general legal reserve from capital contributions and will be paid in U.S. dollars. This proposed increase in the quarterly dividend is subject to approval by the company’s shareholders at the Allied World 2013 Annual Shareholder Meeting to be held on May 2, 2013.
