Bermuda-based XL Capital Ltd. has said it will pay a quarterly dividend of 38 cents per share.

The dividend will be distributed on March 30 to shareholders of record on March 15.

XL will also pay a dividend of 50 cents per share on April 2 to its Series A Preference Ordinary shareholders of record on March 30, and a dividend of 47.7 cents per share on April 2 to Series B Preference Ordinary shareholders of record March 30.

XL subsidiaries provide insurance and reinsurance coverage as well as financial services.