Market News Video
Daily Dividend Report: CB, MMC, MDLZ, APC, XEL
Thursday, May 16, 12:31 PM ET

The Board of Directors of Chubb announced today its shareholders have approved all matters submitted to the Chubb Limited 2019 Annual General Meeting, held at the company's offices in Zurich, Switzerland. Shareholders approved a 3% increase in the company's dividend to $3.00 per share annually ($0.75 per share, per quarter) from $2.92 per share ($0.73 per share, per quarter). This marks the twenty-sixth consecutive annual increase in the company's dividend. The company's Board of Directors declared that shareholders of record at the close of business on June 21, 2019 will be entitled to payment of the first installment of $0.75 per share on July 12, 2019.

Marsh & McLennan Companies today held its annual meeting of stockholders. During the meeting, the Board of Directors increased the quarterly cash dividend from $.415 to $.455 per share on outstanding common stock, payable on August 15, 2019, to stockholders of record on July 11, 2019.

Banc of California, today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock, consistent with the Company's previously reported plan to reduce the quarterly dividend from $0.13 to $0.06 per common share. The dividend will be payable on July 1, 2019 to stockholders of record as of June 17, 2019. Based on the trading price of $14.16 as of close of market on May 14, 2019, the cash dividend results in an annualized dividend yield of 1.69%.

The board of directors of Anadarko Petroleum today declared a quarterly cash dividend on the company's common stock of 30 cents per share, payable June 26, 2019, to stockholders of record at the close of business on June 12, 2019.

The Board of Directors of Xcel Energy today declared a quarterly dividend on its common stock of 40.5 cents per share. The dividends are payable July 20, 2019, to shareholders of record on June 14, 2019.

For MarketNewsVideo.com, I'm Sayoko Murase.

Daily Dividend Report: CB, MMC, MDLZ, APC, XEL
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