ACE Limited (ACE) Declares $0.65 Quarterly Dividend; Recommends Dividend Hike

ACE Limited (NYSE: ACE) declared a quarterly dividend of $0.65 per share, or $2.6 annualized.

The dividend will be payable on April 21, 2015, to stockholders of record on March 31, 2015, with an ex-dividend date of March 27, 2015.

The annual yield on the dividend is 2.3 percent.

The Company also announced today that it will recommend for shareholder approval an increase in the company’s annual dividend for the twenty-second consecutive year. The proposal for the 2015 Annual General Meeting calls for a $0.08 increase in ACE’s annual dividend to $2.68 per share, to be paid in quarterly installments of $0.67 per share, compared to the current quarterly dividend amount of $0.65 per share. With the 2015 increase, the company’s dividend will have more than doubled in the past five years. The company’s Proxy Statement that will be distributed in advance of the May 21, 2015, Annual General Meeting will describe the methodology for declaring and paying the quarterly installments.

For a dividend history and other dividend-related data on ACE Limited (ACE) click here.

You May Also Be Interested In

• Farmers & Merchants Bancorp (FMCB) Raises Quarterly Dividend 4.7% to $5.60; 1.6% Yield
• Everest Group (EG) Declares $2.00 Quarterly Dividend; 2.2% Yield
• GAP (GAP) Declares $0.175 Quarterly Dividend; 3.5% Yield