Ace Limited Keeps Steady Dividend

Insurance company Ace Limited (NYSE: ACE  ) this week announced plans to pay its latest quarterly dividend of $0.51 per share of common stock.

This is the same amount Ace paid investors last quarter, after increasing its payout by 4%, from $0.49. The company has given its shareholders a quarterly dividend since 1993, and its latest payout will be payable Oct. 21 to shareholders of record as of Sept. 30.

Annualized, Ace's current payout comes to $2.04 per share. As of the market's close on Aug. 14, Ace's stock price was $90.54, which means its dividend currently yields 2.2%.

 

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  • Report this Comment On September 24, 2013, at 9:39 PM, Aluman9760 wrote:

    You appear to favour AIG and some other smaller insurance stocks rather than ACE. Do you see ACE insurance as a stock to be in for the long term?

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