Chubb Limited (CB) to Share More Profits, Ups Dividend by 5.8%

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 ...