Travelers Companies (TRV) will raise its quarterly dividend by 5.7 percent to 93 cents per share in 2022. This follows a dividend hike of 3.5 percent to 88 cents per share in 2021 by insurer TRV. 

The Board of Directors declared a 6% increase in the regular quarterly dividend to $0.93 per share. The dividend is payable on June 30, 2022 to shareholders of record at the close of business on June 10, 2022.

“These results, along with our strong balance sheet, enabled us to return $773 million of excess capital to our shareholders this quarter, including nearly $560 million of share repurchases. In recognition of our strong financial position and confidence in the outlook for our business, I am pleased to share that our Board of Directors declared a 6% increase in our quarterly cash dividend to $0.93 per share, marking 18 consecutive years of dividend increases with a compound annual growth rate of 9% over that period.

The Travelers Companies, Inc. provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. The company's segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Travelers is incorporated as a general business corporation under the laws of the State of Minnesota and is one of the oldest insurance organizations in the United States, dating back to 1853. Travelers Companies was added to the Dow Jones Industrial Average Index in June 2009 together with Cisco Systems, replacing Citigroup and General Motors.