Ex-Dividend Alert: Chubb Has Raised Dividend for 52 Consecutive Years; Will Trade Ex-Dividend on March 28, 2018

LONDON, UK / ACCESSWIRE / March 27, 2018 / Active-Investors has a free review on Chubb Ltd (NYSE: CB) following the Company's announcement that it will begin trading ex-dividend on March 28, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 27, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CB:

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Dividend Declared

On February 22, 2018, Chubb's Board of directors declared a quarterly dividend equal to $0.71 per share, payable on April 20, 2018, to shareholders of record at the close of business on March 29, 2018.

Chubb's Board of Directors also announced that it will recommend to shareholders an increase in its quarterly dividend at the company's 2018 Annual General Meeting. The proposal calls for a $2.92 annual per share dividend, payable in four quarterly installments of $0.73 per share, compared to the current quarterly dividend amount of $0.71 per share.

Chubb's indicated dividend represents a yield of 2.11% compared to the average dividend yield of 3.78% for the Financial sector. The Company has raised dividend for fifty-two years in a row.

Dividend Insight

Chubb has a dividend payout ratio of 26.4%, which denotes that the Company spends approximately $0.26 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Chubb is forecasted to report earnings of $11.41 for the next year, which is more than three times higher than the company's annualized dividend of $2.84 per share.

As of December 31, 2017, Chubb's cash and cash equivalents totaled $728 million compared to cash of $985 million as on December 31, 2016. The Company recorded operating cash flow of $1.1 billion for Q4 2017 and $4.5 billion for FY17. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Chubb

On March 13, 2018, Grab, the leading on-demand transportation and fintech platform in Southeast Asia, has announced a partnership with Chubb, to offer insurance solutions for Grab's driver-partners. Using the Grab app, drivers will be able to select different insurance options to protect their vehicles, their livelihoods and, ultimately, even their families, with access to loss of income insurance, per-ride schemes, personal accident policies and motor insurance.

The companies will also explore leveraging data technology from Grab's platform, including telematics, machine learning and predictive analytics to offer insurance solutions personalized to the specific needs of different private-hire vehicle drivers in Southeast Asia.

About Chubb Ltd

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. Chubb maintains executive offices in Zurich, New York, London, and other locations, and employs approximately 31,000 people worldwide.

Stock Performance Snapshot

March 26, 2018 - At Monday's closing bell, Chubb's stock climbed 1.82%, ending the trading session at $137.02.

Volume traded for the day: 1.44 million shares.

Stock performance in the past twelve-month period – up 0.71%

After yesterday's close, Chubb's market cap was at $65.04 billion.

Price to Earnings (P/E) ratio was at 15.54.

The stock has a dividend yield of 2.07%.

The stock is part of the Financial sector, categorized under the Property & Casualty Insurance industry. This sector was up 2.6% at the end of the session.

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