Allied international: Dividend boom; New proportion Repurchases; three to 1 stock cut up

Allied global assurance employer Holdings, AG announced that its shareholders authorised the subsequent proposals at the Annual Shareholder meeting:

An annual dividend growth of 35 percent, from $2.00 per proportion to $2.70 in step with share (pre-break up). the new $2.70 dividend quantity is on a pre-break up foundation and the annual quantity after the inventory break up takes location might be $zero.ninety according to proportion. the primary of the four accepted installments is anticipated to be paid in July 2014.

a new $500 million share repurchase software. the new $500 million software will supersede the 2012 proportion repurchase program and no in addition repurchases could be made below the 2012 share repurchase software.

A three-for-one stock split. Shareholders of report as of may 12, 2014 will receive two additional common stocks for every commonplace share owned. those extra stocks can be credited to shareholders’ bills on may additionally 22, 2014. whilst the marketplace opens on may also 23, 2014, its value will reflect the impact of the split.