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DiversityAbout UsChubb HistoryChubb SubsidiariesCompany ProfileCurrent AdvertisingPress Releases 2008
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The Chubb Corporation Increases Quarterly Dividend and Announces 2 for 1 Stock Split
WARREN, N.J., March 03, 2006 - The Board of Directors of The Chubb Corporation today declared a quarterly dividend in the amount of $0.50 per share payable
April 4, 2006 to shareholders of record on March 17, 2006. This represents an increase of $0.07 per share or a 16.3% increase
over the $0.43 dividend paid last quarter.
The Board also declared a two for one stock split payable to shareholders of record on March 31, 2006 in the form of a stock
dividend. The Company expects the new shares will be distributed in mid April.
To reflect the impact of the stock split, the Board at the same time approved an amendment to the Corporation’s Certificate
of Incorporation increasing the authorized shares of common stock from 600 million shares to 1.2 billion shares. Under New
Jersey law, shareholder approval will not be required since the increase is just in proportion to the stock split.
For further information contact:
Glenn A. Montgomery
908-903-2365
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