ACE Limited Declares $0.51 Quarterly Dividend
ACE Limited declared a quarterly dividend equal to $0.51 payable on October 21, 2013, to shareholders of record at the close of business on September 30, 2013, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in United States dollars by the company’s transfer agent.
The company’s par value is currently 27.95 Swiss francs [CHF] per share, and in connection with the dividend the par value per share will be reduced on the record date by the CHF equivalent of $0.51 based on the USD/CHF rate published on September 23, 2013. This will be the second of four par value reduction installments as approved by the company’s shareholders on May 16, 2013.
