This page is an overview of all the data that I collected regarding the CB dividend history. Therefore this is not a stock analysis, but the data within this post might support you in your research.
Collecting all this data took me a lot of time. If you are using this data as the basis of an analysis or within one of your posts, then I would appreciate a link back. #SharingIsCaring #UseButLinkBack
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Chubb Ltd Company Profile
Chubb Limited is a global insurance company and a proud member of the Noble 30 Index due to its outstanding dividend growth track record.
Note: The index is a composition of 30 companies with the longest dividend growth/maintain streak in Europe.
The company earns it money mostly via Commercial Property and Casualty insurance (57%). Besides that they also generate revenue via Accident & Health insurance, Agriculture insurance, Personal Lines insurance, Life insurance and last but not least, general Reinsurance.
Chubb Corp was purchased back in 2016 by ACE Limited, but they decided to keep the Chubb name and run their business under that brand. For that reason I consider the founding of Chubb still to be 1985.
Location: Zurich Switzerland
Industry: Insurance and Reinsurance
# of Employees: ~33.000
2020 CB Dividend
The dividend in Q1 was $0,75 per share and was paid on 10 April. Chubb proposed a dividend increase of 3,69% to $0,78 per share. This is to be approved at the Annual General Shareholder Meeting on 20 May 2020. As a result, the annual cb dividend will be $3.12.
This would mean the 27th consecutive dividend increase. Chubb never remained the dividend flat. This is really unique in Europe.
CB stock dividend history
Chubb ($CB) started paying a dividend in 1993 and has been growing the dividend ever since. Below you will find a graphical overview followed by the raw data.
Raw dividend data
|Fiscal Year||Q1||Q2||Q3||Q4||Full Year||YoY %|
* Special dividend
CB dividend statistics
Average yearly dividend growth per decade
The average yearly dividend growth for Chubb per decade is an interesting figure that smooths out individual yearly outliers. This provides better insight to the historical dividend growth trend.
|Decade||Average annual dividend increase|
|2010 – 2019||8.65%|
|2000 – 2009||9.06%|
|1993 – 1999||30.08%|
Average yearly dividend growth last 5 years
The average yearly dividend growth for Chubb in the last 5 years shows whether the trend from the average growth rate per decade starts to diverge.
The average growth rate in the last 5 years is: 2.30%
This is far below the historical average, hence the trend is down.
Dividend payout ratio last 10 years
The payout ratio is a good measure to get insight in the sustainability of the dividend increases. Moreover, an increasing payout ratio suggests stronger dividend increases than the growth in earnings power. Overtime, such situation wouldn’t be sustainable. Therefore, I prefer to see a stable payout ratio which is in lock step with earnings growth.
Chubb’s EPS payout ratio
The EPS payout ratio has been quite consistent over the last decade by averaging around 30%. As an example, EPS has been generally flat since 2013. This explains the limited dividend growth from the last 5 years.
Having said that, a ~30% dividend payout gives ample room for future dividend increases.
Free Cash Flow (FCF) payout ratio
The CB dividend payout related to Free Cash Flow shows a similar story as the EPS payout graph. This means ample room for dividend increases.
Dividend FAQ – The European DGI way
Since when does Chubb Ltd pay a dividend?
According to my data since 1993
Did Chubb Ltd ever cut their dividend?
No, Chubb Ltd has never cut their dividend. What is interesting to observe is that the quarterly dividend fluctuated during the Great Recession in 2008, but it didn’t lead to a dividend cut during those times.
Is there a trend visible in Chubb’s dividend hikes?
Most of the times throughout history $CB increases their quarterly dividend with 2 cents per quarter. As a result, this has slowly decreased their annual growth rate. Chubb is compensating that with very high surprise hikes like in 2012 (40.58%) and 2014 (27.72%)
Did Chubb ever pay any special dividends?
Yes, they paid a dividend of $0,11 in 1993 in the fourth quarter. This was their second quarterly dividend ever. According to my data, this was the only time they ever paid a special dividend.
What did Chubb do with its dividends during past recessions?
The dividend history spans 2 recessions. The early 2000’s with the dot-come bubble and the Great Recession from 2007-2009. In both instances they increased their annual dividend.
From 2001 – 2002 they grew their dividend with 13,79% and from 2007 – 2008 they grew their dividend with 2,83%.
What are the Chubb dividend payment dates?
Chubb pays its dividends quarterly.
- Q1 dividends are paid in April
- Q2 dividends are paid in July
- Q3 dividends are paid in October
- Q4 dividends are paid in January
When does Chubb usually announce an increased quarterly dividend?
In the end of February at the same time with the full year earnings announcement.
Chubb Stock Splits
As per my knowledge, Chubb decided to split their stock 3 times.
|31 March 2006||1 share split in 2|
|3 March 1998||1 share split in 3|
|6 May 1996||1 share split in 2|
Chubb Annual Report Archive
The below table provides an overview of the annual reports that I was able to find.
Last 5 press releases
- Chubb Reports Third Quarter Net Income Per Share of $1.94 Versus $4.18 Prior Year, and Core Operating Income Per Share of $3.17, Up 20.1%; Consolidated Net Premiums Written Up 14.4%, or 17.3% in Constant Dollars, with P&C Up 11.2%; Life Division Premiums More Than Doubled with the Acquisition of Cigna's Asia Business; P&C Combined Ratio was 93.1%, with Catastrophe Losses of $1.2 Billion, Including $975 Million from Hurricane Ian, and 87.5% Year-to-Date
Last investor presentations
Recent SEC filings
I would be very thankful 🙏 if you would get in touch with me in case you spot incorrect data or when you are able to provide any missing data (i.e. annual reports).
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For more info, visit Chubb Ltd – Investor Relations. There might be a chance that you find something there regarding their dividends which you couldn’t find here.
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. I’m a person who believes and takes pride in a sense of freedom, satisfaction, fulfillment and empowerment that I get from being financially competent and being conscious managing my personal money. The contents on this blog are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my blog is appropriate for you or anyone else. By reading this blog, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information provided on this blog.