Chubb Limited (NYSE:CB) Raises Dividend to $1.02 Per Share

Chubb Limited (NYSE:CB) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 12th will be paid a dividend of 1.02 per share by the financial services provider on Thursday, July 2nd. This represents a c) annualized dividend and a 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 increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 31 consecutive years. Chubb has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of Chubb stock opened at $324.86 on Wednesday. The company has a market capitalization of $126.00 billion, a PE ratio of 11.47, a PEG ratio of 1.64 and a beta of 0.41. Chubb has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $324.76 and its 200 day simple moving average is $318.43.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion for the quarter. On average, research analysts predict that Chubb will post 26.8 EPS for the current year.

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.