Chubb Limited (NYSE:CB) is included among the 13 Incredibly Cheap Dividend Stocks to Invest in.
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Chubb Limited (NYSE:CB), headquartered in Zurich, Switzerland, is the largest publicly traded insurer worldwide, offering property, casualty, health, and supplemental insurance. The company was previously known as ACE Limited until 2016, when it purchased the original Chubb and adopted its name for the merged entity.
Large insurers like Chubb Limited (NYSE:CB) are typically shielded from economic downturns, since individuals and businesses rarely cancel insurance coverage even when cutting back on expenses. The company has also been expanding quickly overseas, with international markets accounting for 43% of its revenue in 2024.
This explains why Chubb Limited (NYSE:CB)’s consolidated net premiums have steadily grown over the last six years, despite challenges such as the COVID-19 pandemic, inflation, higher interest rates, geopolitical tensions, trade disputes, and tariffs disrupting the global economy. The bulk of its revenue continues to be driven by its core property and casualty (P&C) insurance policies.
Chubb Limited (NYSE:CB) also has a strong dividend history. The company has raised its payouts for 32 consecutive years and currently offers a quarterly dividend of $0.97 per share. As of September 19, the stock has a dividend yield of 1.42%.
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