Jim Cramer’s 5 Favorite Dividend Aristocrats

In this article, we discuss Jim Cramer’s 5 favorite dividend aristocrats. If you want to see more stocks in this selection, check out Jim Cramer’s Favorite Dividend Aristocrats. 

5. Chubb Limited (NYSE:CB)

Number of Hedge Fund Holders: 41

Dividend Yield as of December 16: 1.56%

Chubb Limited (NYSE:CB) is a global provider of insurance products such as property and casualty, accident and health, reinsurance, and life insurance. The company was incorporated in 1985 and is headquartered in Zurich, Switzerland. Jim Cramer said on the August 30 Mad Money segment that Chubb Limited (NYSE:CB) benefits from soaring interest rates, and it is positioned to rally since the Fed is expected to remain hawkish. He told viewers: 

“With the Fed bringing the pain, I think rates will head higher again, and that means Chubb is going to be along for the ride.”

He also backed the stock on May 6, 2022, telling his audience:

“Chubb is a great company.”

On November 17, Chubb Limited (NYSE:CB) declared a quarterly dividend of $0.83 per share, in line with previous. The dividend is payable on January 6, 2023 to shareholders of record on December 16. In 2022, Chubb achieved its 29th consecutive year of dividend growth and it is one of Jim Cramer’s favorite dividend aristocrats. 

According to Insider Monkey’s data, 41 hedge funds were bullish on Chubb Limited (NYSE:CB) at the end of the third quarter of 2022, compared to 35 funds in the last quarter. Andreas Halvorsen’s Viking Global is the leading stakeholder of the company, with 3.6 million shares worth $653.5 million. 

Here is what Aristotle Capital Management Value Equity has to say about Chubb Limited (NYSE:CB) in its Q1 2022 investor letter:

“Our investment in Chubb began in the fourth quarter of 2015, shortly after ACE Limited announced it would acquire the Chubb Corporation, creating the largest global property and casualty insurance company by underwriting income. During our nearly seven-year holding period, the company’s combination progressed leading to the realization of main catalysts we had identified. These included cost savings, broadened product offerings and an expanded customer base, as well as enhanced distribution capabilities and improved pricing due to scale. In addition, Chubb successfully grew its profitable high-net-worth personal lines. While we still consider Chubb to be a high-quality business, few catalysts remain after what was, in our opinion, a remarkable run of successful business execution. As such, we decided to step aside in favor of what we believe to be a more optimal investment in Blackstone.”