ZURICH, Feb. 22,
2024 /PRNewswire/ -- Chubb Limited (NYSE: CB)
announced today that its Board of Directors will recommend to
shareholders at the company's 2024 Annual General Meeting an
increase in its quarterly dividend for the thirty-first consecutive
year. The proposal calls for a $3.64
annual per share dividend, payable in four quarterly installments
of $0.91 per share, compared to the
current quarterly dividend amount of $0.86 per share.
The Board also declared a quarterly dividend equal to
$0.86 per share, payable on
April 5, 2024 to shareholders of
record at the close of business on March 15,
2024. The dividend will be payable out of legal reserves and
will be made in United States
dollars by the company's transfer agent as described in the Chubb
Limited 2023 proxy statement. This will be the fourth installment
as approved by the company's shareholders on May 17, 2023.
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. As an underwriting
company, we assess, assume and manage risk with insight and
discipline. We service and pay our claims fairly and promptly. The
company is also 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 maintains executive
offices in Zurich, New York, London, Paris
and other locations, and 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 the company's 2024
Annual General Meeting and dividends, 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 these
statements. For example, payment of scheduled 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