Chubb Corp. (CB) Declares $0.75 Quarterly Dividend; Approves $1.5B Buyback

Chubb Corp. (NYSE: CB) declared a quarterly dividend of $0.75 per share, or $3 annualized.

The dividend will be payable on January 10, 2020, to stockholders of record on December 20, 2019, with an ex-dividend date of December 19, 2019.

The annual yield on the dividend is 2 percent.

The Board also announced authorization of a share repurchase program of up to $1.5 billion through December 31, 2020. The company's current share repurchase authorization will remain effective through December 31, 2019 and while effective would be used in advance of the share repurchase authorized today. The timing and volume of any share repurchases under this authorization will be determined by management at its discretion and pursuant to the company's capital management strategy.

For a dividend history and other dividend-related data on Chubb Corp. (CB) click here.

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