Vardah Gill
2 min read
In This Article:
Chubb Limited (NYSE:CB) announced a hike in its quarterly dividend, staying true to its shareholder-friendly track record.
On May 15, Chubb Limited (NYSE:CB) declared a 6.6% hike in its quarterly dividend to $0.97 per share. Through this increase, the Zurich-based property-and-casualty insurance giant stretched its dividend growth streak to 32 years. The stock will trade ex-dividend on June 13. As of May 16, CB has a dividend yield of 1.32%.
Chubb Limited (NYSE:CB) has consistently maintained a strong dividend policy over the years. As a Dividend Aristocrat, it has achieved a nearly 4% dividend growth rate over the past five years—an impressive figure when considering its overall shareholder returns. The stock has surged by 8% since the start of 2025, and its 12-month return came in at over 11%.
The company also announced that its board has approved a new $5 billion stock repurchase program, set to take effect on July 1 without a set expiration date. Its existing buyback plan will remain in place until the end of June, according to the company’s statement on Thursday. Additionally, it repurchased nearly 1.35 million shares for $385 million, leaving $1.3 billion still available for buybacks as of March 31.
In the first quarter of 2025, Chubb Limited (NYSE:CB) reported an adjusted operating cash flow of $2 billion. Staying true to its commitment to shareholder value, the company paid out $366 million in dividends during the quarter.
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