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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:45 EDTACEACE Limited raises annual dividend 3% to $2.60 per share
ACE Limited announced that its shareholders have approved all matters submitted to the ACE Limited 2014 Annual General Meeting, held at the company’s offices in Zurich, Switzerland, including a 3% increase to the company’s quarterly dividend to $2.60 annually, or 65c per quarter per share. This increase follows a 24% increase in the quarterly dividend that was approved by shareholders on January 10. The dividend distribution will be in the form of a par value reduction payable in four installments. The amount of each installment in Swiss francs will be adjusted up or down to equal 65c near the time of payment, subject to an aggregate cap for the four installments of CHF 3.42 per share. In addition, the Board of Directors declared that shareholders of record at the close of business on July 23, will be entitled to payment of the first of such installments, subject to a required filing with the Swiss Commercial Register. This dividend payment will be made in U.S. dollars on August 13, by the company’s transfer agent. The company’s par value is currently CHF 26.59 per share, and in connection with the dividend installment, the par value per share will be reduced by the CHF equivalent of 65c based on the USD/CHF rate published on July 16.
News For ACE From The Last 14 Days
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October 21, 2014
16:19 EDTACEACE Limited reports Q3 EPS $2.32, consensus $2.34
Operating income was $2.64 per share, compared with $2.49 per share for the same quarter last year. Book value and tangible book value per share increased 0.2% and 0.4%, respectively, from June 30. Book value and tangible book value per share now stand at $90.38 and $74.05, respectively.
15:30 EDTACENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.
08:46 EDTACEACE receives regulatory aprovals to close acquisition of P&C business
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October 15, 2014
06:05 EDTACEACE Limited creates new distribution unit in Asia Pacific
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06:00 EDTACEACE Limited creates new distribution, client management unit in Asia Pacific
ACE Group announced the creation of a new unit to focus solely on the execution of distribution strategies across the Asia Pacific region. Enabling a high-level and efficient conduit between ACE and its distribution partners throughout the vast territory stretching from South Korea to Australia and New Zealand, this unit will focus on maximizing ACE’s product offering including portfolio-based solutions, facilities, joint product design and execution initiatives with key brokers in the region. Additionally, the unit will serve the unique needs of ACE’s large clients domiciled in Asia Pacific with the ultimate mission to ensure efficient trading across all commercial lines of business; providing distribution partners and clients with relevant and timely products backed by the strength of ACE’s balance sheet.

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