Chubb board to recommend increase in quarterly dividend to 91c per share

Chubb announced that its board will recommend to shareholders at the company’s 2024 annual general meeting an increase in its quarterly dividend for the thirty-first consecutive year. The proposal calls for a $3.64 annual per share dividend, payable in four quarterly installments of 91c per share, compared to the current quarterly dividend amount of 86c per share. The board also declared a quarterly dividend equal to 86c per share, payable on April 5 to shareholders of record at the close of business on March 15. The dividend will be payable out of legal reserves and will be made in United States dollars by the company’s transfer agent as described in the Chubb proxy statement. This will be the fourth installment as approved by the company’s shareholders on May 17.