Chubb Limited Board Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Chubb Limited (NYSE: CB) declared a quarterly dividend of $0.80 per share. This dividend will be payable on October 8, 2021 to shareholders of record as of September 17, 2021. It represents the second installment authorized by shareholders on May 20, 2021. The payment will be made in U.S. dollars from legal reserves, ensuring that shareholders receive their returns promptly.

Positive

• Quarterly dividend of $0.80 per share boosts shareholder income.
• Second installment of dividends authorized by shareholders enhances investor confidence.

Negative

• Future dividend payments may face risks due to extraordinary company events or capital constraints.

ZURICH, Aug. 12, 2021 /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.80 per share, payable on October 8, 2021 to shareholders of record at the close of business on September 17, 2021.  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 2021 proxy statement. This will be the second installment as approved by the company's shareholders on May 20, 2021.

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 31,000 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?

Chubb Limited declared a quarterly dividend of $0.80 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on October 8, 2021.

What date is the record for shareholders to receive the dividend?

Shareholders of record must be on the list by September 17, 2021.

What should investors know about the sustainability of Chubb's dividends?

Future dividend payments may be affected by extraordinary events or capital constraints.