Chubb (CB) to Propose 5.8% Dividend Hike to Share More Profit

Chubb Limited’s (CB) board of directors announced to propose a 5.8% hike in its dividend. The insurer will now pay, if approved, an annual dividend of $3.64 or 91 cents per share quarterly. The latest hike would mark the 31st straight year of dividend increase.Based on the closing price of $255.44 as of Feb 22, the company’s dividend yield is 1.4%, much above the industry average of 0.3%. This makes the stock an attractive pick for yield-seeking investors.This Zacks Rank #2 (Buy) insurer is one of the world ...