Chubb Raises Dividend 14%, Shares Rise

Chubb Corp. said on Thursday that it raised its quarterly dividend to 57 cents a share, which represents a 14% increase over the previous dividend of 50 cents a share. The insurer's new dividend will be paid out on April 1 to shareholders of record as of March 13. "The dividend increase we announced today reflects Chubb's strong financial performance," said Chief Executive John Finnegan. The stock was up 0.7% in midday trade. It has lost 1.7% over the past three months, while the S&P 500 has gained 1.9%.