Chubb Limited Board Declares Quarterly Dividend
Rhea-AI Summary
Chubb (NYSE: CB) announced that its Board of Directors has declared a quarterly dividend of $0.91 per share. The dividend will be paid on January 3, 2025, to shareholders of record as of December 13, 2024. This payment represents the third installment of the dividend program approved by shareholders on May 16, 2024. The dividend will be distributed from legal reserves and paid in US dollars through the company's transfer agent.
Positive
- Consistent dividend payment maintained at $0.91 per share
- Company maintains strong cash position enabling regular dividend distributions
Negative
- None.
News Market Reaction – CB
On the day this news was published, CB gained 0.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as statements regarding dividends, and our expectations and intentions and other statements that are not historical facts, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, payment of scheduled or future dividends could be affected by extraordinary company events or capital constraints or similar factors that could require the company to adjust, delay or withhold dividend payments. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
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SOURCE Chubb Limited