Chubb Limited to Issue Quarterly Dividend of $0.97 (NYSE:CB)

Chubb Limited (NYSE:CB) announced a quarterly dividend on Thursday, February 26th. Investors of record on Friday, March 13th will be given a dividend of 0.97 per share by the financial services provider on Monday, April 6th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 13th.

Chubb has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 31 years. Chubb has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Chubb to earn $25.14 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 15.4%.

Chubb Stock Up 0.9%

CB opened at $341.02 on Friday. The company has a market capitalization of $134.21 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 2.13 and a beta of 0.49. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $315.37 and a two-hundred day simple moving average of $295.05. Chubb has a 52 week low of $264.10 and a 52 week high of $338.79.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period in the prior year, the company posted $6.02 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts forecast that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.