Chubb Limited (CB) will raise its quarterly dividend by 2.8 percent to $0.73 per share in the second quarter of 2018. Last year the insurer also hiked its dividend by 2 cents to $0.71 per share.

Chubb's shareholders of record at the close of business on June 22, 2018, will be entitled to payment of the first installment of $0.73 per share on July 13, 2018.

This marks the twenty-fifth consecutive annual increase in the company's dividend. The new dividend yields 2.2% based on the current stock price of $134.45.

Chubb Limited is a property and casualty insurance company. Chubb Limited is the Swiss-incorporated holding company of the Chubb Group of Companies. Chubb Limited, which is headquartered in Zurich, Switzerland, and its direct and indirect subsidiaries are a global insurance and reinsurance organization. The company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance. The company has paid a dividend to shareholders every year since 1993.