Chubb boosts stock buybacks by 14 million shares, leaves dividend at 37 cents a share

Chubb boosts stock buybacks by 14 million shares

WARREN, N.J. — Insurer Chubb Corp. said Thursday that its board has lifted the number of shares the company can repurchase by 14 million.

That adds to an existing repurchase program of 25 million, about 21.2 million of which have already been bought back, the company said.

Chubb also declared a quarterly dividend of 37 cents per share, unchanged from the quarter before. It is payable July 13 to shareholders on record as of June 25.

Chubb shares were up $1.23, or 2.5 percent, to $50.93 in afternoon trading