Chubb Limited (CB): Annual General Meeting Approves Significant Dividend Increase
Chubb Limited (CB), a leading global insurance company, held its 2023 Annual General Meeting in Zurich, Switzerland, where shareholders approved a significant dividend increase. The company's commitment to delivering value to its investors is evident in its 30th consecutive annual increase in the dividend. This article provides an overview of the dividend increase announcement and its implications for Chubb Limited shareholders.
During the Annual General Meeting, Chubb Limited shareholders voted in favor of a 3.6% increase in the company's dividend. The dividend will now amount to $3.44 per share annually, or $0.86 per share per quarter. This represents a rise from the previous dividend of $3.32 per share annually, or $0.83 per share per quarter. The approval of the dividend increase showcases the company's dedication to rewarding its shareholders and providing attractive returns.
Chubb Limited's dividend increase announcement is particularly notable as it marks the company's 30th consecutive annual increase. This achievement demonstrates Chubb Limited's long-standing commitment to maintaining a progressive dividend policy and delivering consistent value to its shareholders. Such consistency in dividend growth underscores the company's strong financial performance and its ability to generate sustainable returns over the years.
The dividend will be payable in four quarterly installments and will be made in United States dollars by the company's transfer agent. Shareholders of record at the close of business on June 16, 2023, will be entitled to receive the first installment of $0.86 per share. This payment is scheduled to be made on July 7, 2023. The subsequent installments will follow the same schedule, providing investors with regular income throughout the year.
In addition to approving the dividend increase, Chubb Limited shareholders voted in line with the Board's recommendations on all other agenda items during the Annual General Meeting. The alignment between shareholders and the Board highlights the trust and confidence investors have in Chubb Limited's strategic direction and leadership. It also signifies the shareholders' support for the company's initiatives to drive growth and enhance shareholder value.
Members of LevelFields received the alert of this event on May 17, 4:35 PM ET
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