Chubb Raises Dividend 5.8% After Berkshire-Related Boost
By Ben Glickman
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.
The Zurich-based property-casualty insurer declared an annual dividend of $3.64 a share, or 91 cents a quarter, compared with its previous dividend of $3.44 a share a year, or 86 cents a quarter.
The dividend raise comes after Chubb's shares hit an all-time high on Thursday. Shares rose 4.7% after the company was revealed as the mystery investment of Warren Buffett's Berkshire Hathaway.
Berkshire reported a $6.7 billion stake in the company late Wednesday.
The new payout represents an annual yield of 1.4% based on Thursday's closing price of $264.88.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
May 16, 2024 16:43 ET (20:43 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations