13 Best Cheap Dividend Stocks To Buy Right Now

10. Chubb Limited (NYSE:CB)

Number of Hedge Fund Holders: 53

Forward P/E Ratio: 13.42

Chubb Limited (NYSE:CB) is a multinational insurance company that offers a wide range of insurance products, including property and casualty, life insurance, and reinsurance. The company distinguishes itself by effectively managing risk and setting policy prices in a way that consistently generates underwriting profits. Another advantage of investing in Chubb is its ability to benefit from the current high-interest rate environment. The company holds a substantial investment portfolio worth $150 billion, allowing it to take advantage of higher yields on fixed-income assets compared to the previous decade. In 2024, the company reported $5.9 billion in net investment income, reflecting a 20% increase from the prior year.

However, Chubb Limited (NYSE:CB) is facing a challenge due to recent wildfire-related losses, which are projected to lower free cash flow by $1.5 billion. Despite this setback, the company has a proven history of navigating substantial losses, including those from Hurricane Ian and Hurricane Milton, showcasing its resilience in managing such financial impacts.

Chubb Limited (NYSE:CB) maintains a strong financial position, with operating cash flow reaching $4.57 billion. The company also rewarded shareholders by returning approximately $1.1 billion through dividends and share buybacks. It has upheld a 31-year streak of consecutive dividend increases, which makes it one of the best dividend stocks on our list. The company pays a quarterly dividend of $0.91 per share and has a dividend yield of 1.27%, as of March 6.