Chubb Limited Proposes 6.5% Dividend Hike

Published 1 hours agoCB

Chubb Limited Proposes 6.5% Dividend Hike

Chubb Limited has announced a proposed 6.5% increase in its annual dividend, extending its streak of dividend growth to an impressive 32 consecutive years. The insurance giant's Board of Directors has recommended boosting the annual dividend to $3.88 per share from the current $3.64, translating to a quarterly payment of $0.97 per share, up from $0.91.

The proposed dividend hike would result in a new yield of about 1.3%, based on a closing stock price of $281.69 on February 27, 2025. This figure notably exceeds the industry average of 0.2%, setting Chubb apart in terms of shareholder returns. Reuters reported that this proposed increase is slated for approval at the company's 2025 Annual General Meeting.

Should the shareholders give a nod to this proposal, those owning shares as of March 14, 2025, will qualify for the increased dividend with a payment date set for April 4, 2025. This move is a testament to Chubb Limited's ongoing dedication to enhancing shareholder value and maintaining its standing as a Dividend Aristocrat.

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