Chubb Limited (CB) To Go Ex-Dividend on September 11th

Chubb Limited (NYSE:CB) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Friday, September 11th will be paid a dividend of 1.02 per share by the financial services provider on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th.

Chubb has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 31 years. Chubb has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Chubb to earn $28.74 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 14.2%.

Chubb Trading Down 0.2%

NYSE:CB opened at $343.80 on Friday. Chubb has a 12 month low of $265.30 and a 12 month high of $365.91. The firm has a market cap of $132.64 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $344.31 and its 200-day moving average is $331.99.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same period in the prior year, the firm earned $6.14 EPS. Chubb’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts anticipate that Chubb will post 27.45 EPS for the current year.

About Chubb

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.