Chubb (NYSE:CB) has declared its latest quarterly dividend. The company is to distribute $0.44 per share of its common stock on April 2 to shareholders of record as of March 15. This represents a 7% increase over the company's previous dividend of $0.41 per share.
According to Chubb's press release announcing the new payout, this marks the 31st year in a row the disbursement has been increased. It also follows a fresh $1.3 billion stock repurchase program announced by the company last month.
The new dividend annualizes to $1.76 per share. That yields 2.1% at the firm's current stock price of $84.03.
Fool contributor Eric Volkman has no position in Chubb. The Motley Fool has no position in Chubb. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.