ACE Ltd. increases quarterly dividend.HAMILTON, Bermuda--(BUSINESS WIRE)--May 5, 1995--The board of directors of ACE Ltd. (NYSE NYSE See: New York Stock Exchange :ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. ) Friday voted to increase the quarterly dividend payable on the company's ordinary shares to 14 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. from 11 cents per share. The dividend will be paid on July 19, 1995 to shareholders of record at the close of business on June 30, 1995. ACE Ltd., through its wholly owned insurance subsidiaries, is the leading provider of excess directors and officers liability insurance Directors and Officers Liability Insurance is insurance payable to the directors and officers of a company to cover damages or defence costs in the event they are sued for wrongful acts while they were with that company. in the world, and one of the leading providers of high level excess liability insurance. ACE also offers satellite insurance, financial lines, aviation products and excess property insurance. The Bermuda-based company provides coverage to a diverse group of the world's largest enterprises. At March 31, 1995, ACE Ltd. had approximately $1.2 billion in shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. and approximately $2.9 billion in assets. CONTACT: ACE Ltd., Hamilton Brad Rich, 809/295-5200 or The Weber Group, Boston Donnelle Koselka, 617/520-7074 |
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