The Board of Directors of ACE Limited (NYSE: ACE) today voted to increase the quarterly dividend to 21 cents per ordinary share from 19 cents per ordinary share, payable on July 14, 2004, to shareholders of record at the close of business on June 30, 2004.
ACE has increased its dividend every year since 1994 and as a result, has one of the highest dividend growth rates associated with any company in the S&P 500.
The Board of Directors also declared a dividend of $4.875 per Series C 7.80% Cumulative Redeemable Preferred Share, payable on June 1, 2004 to shareholders of record at the close of business on May 31, 2004. This translates to 48.75 cents per Depositary Share.
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. A component of the Standard & Poor’s 500 stock index, The ACE Group conducts its business on a worldwide basis with operating subsidiaries in approximately 50 countries. Additional information can be found at: www.acelimited.com.