Chubb Limited's (CB) board of directors approved a 5.8% hike in its dividend. The insurer will now pay an annual dividend of $3.64 or 91 cents per share quarterly. The latest hike marks the 31st straight year of dividend increase. Shareholders of record as of Jun 14 will receive the increased quarterly dividend on Jul 5. Based on the closing price of $264.88 as of May 16, the company's dividend yield is 1.3%, which is much above the industry average of 0.2%. This makes the stock an attractive pick for yield ...

Outcome of voting on all shareholder meeting agenda items were as recommended by the Board ZURICH, May 16, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that at its 2024 Annual General Meeting, held at the company's offices in Zurich, Switzerland, shareholders approved a 5.8% increase in the company's dividend to $3.64 per share annually ($0.91 per share, per quarter) from $3.44 per share ($0.86 per share, per quarter). This marks the 31st consecutive annual increase in the company's dividen ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Our human content creators are e ...

The insurance company's stock was a value hiding in plain sight. Naturally, Warren Buffett found it. Shares of property and casualty insurer Chubb (CB 3.53%) leaped out of the gate Thursday morning. Early on, they were up by as much as 6.6%, and though that gain moderated as the session progressed, they were still up by 3.4% as of 11 a.m. ET. The insurer can thank Warren Buffett for the surge of attention. After the close of trading on Wednesday , the famed billionaire investor revealed in a Securities and ...

Warren Buffett and Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) were under great scrutiny going into the closing bell yesterday. That's because yesterday was also the deadline for the company to file its firstquarter 13F form. After Berkshire was able to file its 13Fs confidentially for the past six months, investors speculated that Berkshire was holding a "mystery stock" within the financial services sector. What did the Warren Buffett mystery stock turn out to be? Property and casualty insurer Chubb (NYSE: ...

Chubb Ltd (NYSE:CB) is 7.5% higher in premarket trading, after Warren Buffett's Berkshire Hathaway finally revealed the Swiss-based insurer as its "mystery stock." Berkshire disclosed a 6% stake in the company, and now holds 25.9 million shares of Chubb stock worth roughly $6.7 billion, becoming its ninth biggest holding as of the end of March. Berkshire obtained permission from the U.S. Securities and Exchange Commission (SEC) to keep the purchases confidential in the third and fourth quarter of last year. ...

May 15 proved an exciting day for traders and stock market enthusiasts in general as numerous prominent investors disclosed the state of their portfolios – with all their most recent buys and sales – as of the end of the first quarter. Few of the filings are as exciting and interesting as those covering the holdings of one of the most successful investors in history, the Oracle of Omaha, Warren Buffett. His updated portfolio contains the stocks of 41 companies and is worth over $331 billion. Buffett's large ...

Insurance major Chubb Limited (NYSE:CB) is in the spotlight today, thanks to Warren Buffett's Berkshire Hathaway unveiling a substantial $6.72 billion stake in the insurance giant. Berkshire's move has further elevated Chubb's profile. With Chubb hitting record highs in after-hours trading following the disclosure, it's evident that the market perceives this development as a vote of confidence from one of the most respected investors of our time. Chubb's allure as an investment prospect stems not only from ...

Key Takeaways Chubb (CB) shares climbed more than 8% in late trading Wednesday evening after a regulatory filing revealed that Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) has taken a sizeable stake in the Zurich-based insurer. According to the filing, Berkshire's stake of nearly 26 million shares in Chubb, one of the world's largest publicly traded property-casualty insurers, had a market value of around $6.7 billion as of March 31, making it the conglomerate's nineth largest holding. Rationale Behi ...

Key Takeaways Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) has revealed that insurer Chubb (CB) is the mystery stock that the conglomerate had started building a position in last year but had asked regulators to keep under wraps. In its quarterly 13F filing with the Securities and Exchange Commission released late Wednesday, Berkshire said that it ended the first quarter with nearly 26 million shares of Chubb valued at about $6.72 billion. It's unclear why Berkshire had omitted Chubb from its filings ...