Ace Limited Keeps Steady Dividend

Insurance company Ace Limited 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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The article Ace Limited Keeps Steady Dividend originally appeared on Fool.com.

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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