By Colin Kellaher

Chubb Ltd. on Thursday said its shareholders approved a 2.6% increase in the quarterly dividend, to 80 cents from 78 cents.

The new payout, equal to $3.20 a year, represents an annual yield of about 1.93% based on Wednesday's closing price of $166.10, up from 1.87%.

The Zurich property and casualty insurance company said the first increased dividend is payable July 9 to shareholders of record June 18.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

05-20-21 1155ET