Chubb Board To Recommend Annual Dividend Increase To Shareholders At The 2024 Annual General Meeting
Portfolio Pulse from Benzinga Newsdesk
Chubb's Board proposes an annual dividend increase to $3.64 per share for 2024, payable in quarterly installments of $0.91, up from the current $0.86. A quarterly dividend of $0.86 is also declared, payable on April 5, 2024, to shareholders on record as of March 15, 2024.
February 22, 2024 | 11:40 am
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Chubb proposes increasing its annual dividend to $3.64 per share for 2024, up from the current quarterly rate of $0.86. The next dividend is set at $0.86, payable on April 5, 2024.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Chubb's proposed increase in its annual dividend to $3.64 per share, up from the current rate, is likely to be seen as a strong commitment to returning value to shareholders. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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