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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。