By Colin Kellaher
Chubb's board is recommending that shareholders approve a 6.6% increase in the insurer's dividend at the annual investor meeting later this year.
The proposed new annual rate of $3.88 would equate to a yield of about 1.42% based on Wednesday's closing price of $273.66, up from 1.33%.
The Zurich-based property-and-casualty insurance giant on Thursday said the increase would mark the 32nd consecutive annual rise in its dividend, with the quarterly payout moving to 97 cents a share from 91 cents.
The increase would maintain Chubb's spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 27, 2025 07:49 ET (12:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。