Chubb increases dividend for 33rd consecutive year
Insurer Chubb will increase the quarterly dividend from $0,50 to $0,57 per share, marking 33 consecutive years of higher dividend payments.
"The dividend increase we announced today reflects Chubb's strong financial performance. It also demonstrates Chubb's continued commitment to capital management, which is further reflected in the new $1.3 billion share repurchase program we announced last month," said John D. Finnegan, Chairman, President and Chief Executive Officer.
"During 2014," said Mr. Finnegan, "Chubb returned $2.0 billion to its shareholders through a combination of share repurchases and dividends. Since December 2005, when Chubb's share repurchases began, through the end of 2014, Chubb has returned a total of $17.7 billion to shareholders, through $13.5 billion of repurchases and $4.2 billion of dividends."
Source: The Chubb Corporation