On Friday, Chubb (CB) announced a 16% increase in its quarterly dividend to 29 cents per share versus 25 cents per share in the 1st quarter of 2006. The yield on the new dividend increases to 2.3% versus the prior 2.0%. The 5-Year average payout ratio is 26%. The projected payout ratio on 2007 earnings estimate of $5.32 is 22%. Chubb is one of S&P's Dividend Aristocrats with an Earnings and Dividend Quality Ranking of B+.
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