Question: On November 1 7 , 2 0 2 2 , Chubb Limited ( Ticker: CB ) issued the following press release: The Board of Directors

On November 17,2022, Chubb Limited (Ticker: CB) issued the following press release: The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.83 per share, payable on January 6,2023 to shareholders of record at the close of business on December 16,2022.
Required:
From the information above, identify the dividend declaration date, record date, and payment date.
Record Chubbs declaration and payment of cash dividends for its 415 million shares.
Based on a stock price of $220, compute the dividend yield. (Hint: Annualize the dividend per share by multiplying the quarterly dividend per share by 4.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!