Chubb Limited (NYSE:CB – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 12th will be given a dividend of 1.02 per share by the financial services provider on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, June 12th. This is a 5.2% increase from Chubb’s previous quarterly dividend of $0.97.
Chubb has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 31 years. Chubb has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chubb to earn $28.86 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 13.4%.
Chubb Stock Up 0.9%
CB stock opened at $324.86 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $126.00 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.64 and a beta of 0.41. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The business has a 50-day moving average of $324.76 and a 200-day moving average of $318.43.
Chubb Company Profile
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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