said Thursday that its board has decided to boost the Warren, N.J., insurer's quarterly dividend to 35 cents a share from 33 cents, a 6.1% increase.
The dividend is payable April 7 to shareholders of record on March 20.
However, despite the increase, Chubb, a property and casualty insurer, didn't see its shares benefit. Recently the stock was down 0.3% at $40.14.
Still, Chubb's ability to lift its dividend contrasts with other recent headlines in the wider insurance universe, where some firms are having to take drastic steps to preserve capital. For instance,
cut its payout in half this week, and
Elsewhere in the sector,
was up 8.8% at 50 cents, and
was adding 4.3% to $8.70.
was down 1.8% to $37.23, while
was up 0.9% at $16.10.