Chubb Approves $7.5 Billion Share Buyback Program, Raises Dividend

MT Newswires Live

05/21

Chubb (CB) said Thursday its board has authorized a new $7.5 billion share buyback program, starting July 1 with no expiration date.

The company also said its quarterly cash dividend was increased to $1.02 per share from $0.97, payable on July 2 to shareholders of record as of June 12.

Chubb said its existing share repurchase program will remain effective through June 30.

Price: 329.26, Change: +0.88, Percent Change: +0.27

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