ZURICH, Feb. 25, 2021 /PRNewswire/ -- Chubb Limited
(NYSE: CB) announced today that its Board of Directors will
recommend to shareholders at the company's 2021 Annual General
Meeting an increase in its quarterly dividend for the twenty-eighth
consecutive year. The proposal calls for a $3.20 annual per share dividend, payable in four
quarterly installments of $0.80 per
share, compared to the current quarterly dividend amount of
$0.78 per share.
The Board also declared a quarterly dividend equal to
$0.78 per share, payable on
April 9, 2021 to shareholders of
record at the close of business on March
19, 2021. 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 2020 proxy statement. This will be the
fourth installment as approved by the company's shareholders on
May 20, 2020.
About Chubb
Chubb is the world's largest publicly
traded property and casualty insurance company. 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 31,000 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 2021
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 as set forth in 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