Chubb Limited (CB) will raise its quarterly dividend by 4.0 percent to $0.78 per share in 2020. Last year the insurer hiked its dividend by 2.7 percent. This marks the 27th consecutive year of annual dividend increases by the insurance company formerly known as ACE.

The next dividend will be paid on July 10, 2020 to shareholders of record on June 19, 2020. A new annual rate of $3.12 per share yields 2.7% at a stock price of $117.

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. Early 2016 ACE Limited completed the acquisition of insurer Chubb. After the transaction ACE changed its tickersymbol and name to Chubb's old name and ticker.