ACE Limited yesterday declared a quarterly dividend of 21 cents per ordinary share payable on April 14 to shareholders of record at the close of business on March 31.

ACE's board of directors also declared a dividend of $4.87 to preferred shareholders holding the company's Series C 7.8 percent Cumulative Redeemable Preferred Share.

The preferred shareholder dividend is payable on March 1 to shareholders of record at the close of business on February 28, 2005. The amount was said to translate to $48.75 cents per depositary share.