Chubb increases company dividend for 23rd consecutive year

The shareholders of insurance firm Chubb have approved all matters submitted to the Chubb 2016 annual general meeting, held at the company's offices in Zurich, Switzerland.

This includes a 3 percent increase in the company's dividend to $2.76 annually ($0.69 per quarter) from $2.68 ($0.67per quarter). This marks the 23rd consecutive annual increase in the company's dividend.

The dividend will be payable out of legal reserves in four quarterly instalments and will be made in US dollars by the company's transfer agent, as described in the Chubb proxy statement.

Chubb’s Board of Directors declared that shareholders of record at the close of business on June 30, 2016, will be entitled to payment of the first instalment on July 21, 2016.