ACE Limited Raises Quarterly Dividend By 7 Percent

The Associated Press

Property and casualty insurance company ACE Limited said Wednesday shareholders at the company's annual meeting in Switzerland have approved an increase in its quarterly dividend by 7 percent to 31 cents.

The annual dividend works out to $1.24 and is payable in four installments — one per quarter. To make the dollar value of the company's dividend distribution more consistent, the company will adjust the amount up or down to equal 31 cents near the time of payment.

The company's headquarters are in Switzerland.

Shares rose 11 cents to $43.54 in afternoon trading.