Chubb Limited Board Will Recommend 28th Consecutive Annual Dividend Increase to Shareholders at the 2021 Annual General Meeting; Declares Quarterly Dividend
Chubb Limited (NYSE: CB) announced it will propose a dividend increase at the 2021 Annual General Meeting, marking the 28th consecutive year of dividend growth. The recommended annual dividend will be $3.20 per share, distributed in quarterly payments of $0.80 each, up from the current $0.78 per share. The latest quarterly dividend of $0.78 is scheduled for payment on April 9, 2021, to shareholders of record by March 19, 2021.
- Dividend increase proposed to $3.20 annually, reflecting company confidence.
- 28 consecutive years of dividend growth indicates strong financial stability.
- Potential risks to dividend payments from extraordinary company events or capital constraints.
ZURICH, Feb. 25, 2021 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that its Board of Directors will recommend to shareholders at the company's 2021 Annual General Meeting an increase in its quarterly dividend for the twenty-eighth consecutive year. The proposal calls for a
The Board also declared a quarterly dividend equal to
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 the company's 2021 Annual General Meeting and 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 as 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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/chubb-limited-board-will-recommend-28th-consecutive-annual-dividend-increase-to-shareholders-at-the-2021-annual-general-meeting-declares-quarterly-dividend-301235841.html
SOURCE Chubb Limited
FAQ
What is the new dividend amount for Chubb (CB)?
When will the dividend be paid to shareholders of Chubb (CB)?
How often does Chubb (CB) pay dividends?
What factors could affect Chubb's (CB) dividend payments?
