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Ace announces 35c dividend

Ace Ltd’s board of directors has declared a quarterly dividend of 35 cents per share payable on October 21, 2011, to shareholders of record at the close of business on September 30, 2011.

The company also announced its board refreshed its previously-announced stock repurchase programme, setting the authorised amount at an aggregate $500 million of Ace’s shares through December 31, 2012.

The company has bought back approximately $400 million of shares to date under its $600 million stock repurchase programme announced in November 2010, and this latest move is intended to add $300 million to the authorisation.

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Published August 15, 2011 at 10:17 am (Updated August 15, 2011 at 10:17 am)

Ace announces 35c dividend

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