Chubb Limited Board Declares Quarterly Dividend and Authorizes Share Repurchase Program
Chubb Limited (NYSE: CB) announced a quarterly dividend of $0.78 per share, payable on January 8, 2021, to shareholders of record by the close of business on December 18, 2020. This payout is part of a dividend strategy approved by shareholders earlier this year. The Board also authorized a new share repurchase program of up to $1.5 billion, effective through December 31, 2021, with the existing authorization set to be utilized first. The timing and volume of repurchases will depend on market conditions and company strategy.
- Quarterly dividend of $0.78 enhances shareholder returns.
- New share repurchase program up to $1.5 billion may boost stock price.
- None.
ZURICH, Nov. 19, 2020 /PRNewswire/ --The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to
The Board also announced authorization of a new share repurchase program of up to
Share repurchases, which are subject to market conditions, other business considerations and applicable legal requirements, may be made in the open market, in privately negotiated transactions, block trades, accelerated repurchases and/or through option or other forward transactions.
About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: www.chubb.com.
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as statements regarding dividends or share repurchases and our expectations and intentions and other statements that are not historical facts, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, payment of scheduled dividends could be affected by extraordinary company events or capital constraints or similar factors that could require the company to adjust, delay or withhold dividend payments. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
View original content to download multimedia:http://www.prnewswire.com/news-releases/chubb-limited-board-declares-quarterly-dividend-and-authorizes-share-repurchase-program-301177623.html
SOURCE Chubb Limited
FAQ
What is the dividend amount declared by Chubb Limited?
When will the dividend be paid to shareholders?
What is the new share repurchase program authorized by Chubb Limited?
What factors will determine the share repurchases for Chubb Limited?
