By Colin Kellaher
Chubb's board is recommending that shareholders approve a 6.6% increase in the insurer's dividend at the annual investor meeting later this year.
The proposed new annual rate of $3.88 would equate to a yield of about 1.42% based on Wednesday's closing price of $273.66, up from 1.33%.
The Zurich-based property-and-casualty insurance giant on Thursday said the increase would mark the 32nd consecutive annual rise in its dividend, with the quarterly payout moving to 97 cents a share from 91 cents.
The increase would maintain Chubb's spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 27, 2025 07:49 ET (12:49 GMT)
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