Chubb Raises Dividend By 5.8%

Chubb has announced a 5.8% increase in its annual dividend, marking its 31st consecutive year of dividend growth.

The new dividend rate of $3.44 per share will be payable on July 1, 2023, to shareholders of record as of June 15, 2023.

Chubb's dividend increase is in line with the company's long-term goal of increasing its dividend by 5% to 7% per year.

Chubb has a strong track record of dividend growth. The company has increased its dividend for the past 30 consecutive years.

"We are pleased to announce another increase in our dividend," said Evan G. Greenberg, Chubb's Chairman and CEO. "This increase reflects our confidence in the company's future and our commitment to returning cash to our shareholders."

Chubb is a leading provider of property and casualty insurance. The company has operations in more than 50 countries and territories.