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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