XL Capital Ltd Increases Quarterly Dividend to $0.50 Per Ordinary Share and Declares Dividends on Series A and Series B Preference Ordinary Shares
HAMILTON, BERMUDA - January 14, 2005
HAMILTON, BERMUDA - January 14, 2005 - XL Capital Ltd ("XL or "the Company") (NYSE: XL) announced that its Board of Directors declared a quarterly dividend on January 14, 2005 of $0.50 per ordinary share payable on the Company's Ordinary Shares. The dividend will be payable on March 31, 2005 to ordinary shareholders of record on March 10, 2005. The quarterly dividend declared in October, 2004, for the fourth quarter of 2004 amounted to $0.49 per ordinary share.The Board of Directors also resolved on January 14, 2005 to pay a dividend of $4,600,000.00 on March 31, 2005 to all Series A Preference Ordinary Shareholders of record as of March 30, 2005 being $0.50 per share.The Board of Directors further resolved on January 14, 2005 to pay a dividend of $5,480,468.75 on March 30, 2005 to all Series B Preference Ordinary Shareholders of record as of March 30, 2005 being $0.4765625 per share.XL Capital Ltd, through its subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.
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