Chubb Limited’s (CB) Dividend Potential Makes it a Solid Income Stock

Chubb Limited (NYSE:CB) is included among the 11 Best Income Stocks to Buy According to Hedge Funds.

Chubb Limited’s (CB) Dividend Potential Makes it a Solid Income Stock

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Chubb Limited (NYSE:CB) is a leading global insurer that offers a wide variety of coverage, including property and casualty, life insurance, and reinsurance. The company is known for its conservative underwriting approach and its broad, diversified product portfolio.

Chubb Limited (NYSE:CB) has a strong track record of consistent underwriting profits and careful cash management. The company has raised its dividend for 32 consecutive years, reflecting its financial strength and reliability. The company also produces solid free cash flow, which supports both dividend payments and share repurchases. With a low payout ratio of 17%, CB is well-positioned to maintain and grow its dividend over time.

Chubb Limited (NYSE:CB) currently offers a quarterly dividend of $0.97 per share, having raised it by 6.6% in May. The stock has a dividend yield of 1.46%, as of July 31.

While we acknowledge the potential of CB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CB and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.