Chubb Limited Board Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Chubb Limited (NYSE: CB) declared a quarterly dividend of $0.78 per share, scheduled for payment on October 9, 2020. Shareholders on record as of September 18, 2020 will be eligible for this dividend. This declaration marks the second installment approved by shareholders on May 20, 2020. The dividend payment will be sourced from legal reserves and conducted in US dollars.

Positive

• Quarterly dividend of $0.78 per share enhances shareholder returns.
• Timely dividend payment reflects financial health and commitment to shareholders.

Negative

• Potential risks to future dividend payments due to capital constraints or extraordinary events.

ZURICH, Aug. 12, 2020 /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.78 per share, payable on October 9, 2020 to shareholders of record at the close of business on September 18, 2020.  The dividend will be payable out of legal reserves and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2020 proxy statement. This will be the second installment as approved by the company's shareholders on May 20, 2020.

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, 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 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. 

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SOURCE Chubb Limited

FAQ

What is the dividend amount declared by Chubb Limited for October 2020?

Chubb Limited declared a quarterly dividend of $0.78 per share.

When will Chubb Limited pay the declared dividend?

The declared dividend will be paid on October 9, 2020.

What is the record date for the dividend payment from Chubb Limited?

The record date for the dividend payment is September 18, 2020.

When was the dividend approved by Chubb Limited's shareholders?

The dividend was approved by shareholders on May 20, 2020.

Is the dividend payment from Chubb Limited sustainable?

While current dividends are confirmed, future payments may be affected by company events or capital constraints.