ACE Limited Boosts Dividend By 34%

One of the great secrets of investing is that insurance companies are often great investments. The hitch is that it’s only the best of the best. But those top-tier insurance companies can be great long-term performers.

Today we learned that ACE Limited ($ACE) is raising its quarterly dividend from 35 cents per share to 43 cents per share. That’s a 34% increase. The company has raised its dividend every year since 1995. The company already had a 6% dividend increase in May. With the new payout, ACE now yields 2.45%.

The stock currently goes for just over 9 times the estimate for 2012.

Posted by on January 9th, 2012 at 2:19 pm


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