ACE Shareholders Approve Quarterly Dividend Increase; Board Declares Record Date for First Dividend Installment; All Other Shareholder Proposals Approved
The Board of Directors of ACE Limited (NYSE:ACE) announced today its shareholders have approved all matters submitted to the ACE Limited 2015 Annual General Meeting, held at the company’s offices in Zurich, Switzerland, including a 3% increase to the company’s dividend to $2.68 annually ($0.67 per quarter) from $2.60 ($0.65 per quarter). This marks the 22nd consecutive annual increase in the company’s dividend.
The dividend will be payable out of legal reserves in four quarterly installments and will be made in U.S. dollars by the company’s transfer agent, as described in the ACE Limited proxy statement. The company’s Board of Directors declared that shareholders of record at the close of business on June 30, 2015, will be entitled to payment of the first installment on July 21, 2015.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE:ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as statements regarding ACE’s Annual General Meeting and dividends, reflect the company’s current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially as set forth in these statements. For example, payment of scheduled dividends could be affected by extraordinary company events or capital constraints or similar factors that could require the company to adjust, delay or withhold dividend payments. Also, future dividends are subject to shareholder approval of proposed amounts and methodology. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
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