Warren Buffett Dividend Stocks by Sectors and Industries

9. Chubb Limited (NYSE:CB)

Berkshire Hathaway’s Stake Value: $6,895,777,623

Sector: Financial Services

Industry:  Insurance – Property & Casualty

Chubb Limited (NYSE:CB) is an insurance company that offers a wide range of related products and services to its consumers. Investing in insurance companies generally doesn’t lead to quick, substantial returns. However, they are reliable businesses that steadily grow over time. The company’s business model focuses on building personalized customer relationships through a network of independent agents, offering coverage options that are often hard to find with other insurers. The stock has surged by nearly 20% this year so far.

Chubb Limited (NYSE:CB)’s cash position remained strong in the second quarter of 2024. The company generated $4.08 billion in operating cash flow and its free cash flow came in at $3.57 billion. During the quarter, it returned $369 million to shareholders in dividends, coming through as one of the best Warren Buffett dividend stocks on our list. Its revenue for the quarter came in at $11.78 billion, up 10.29% from the same period last year.

Berkshire began purchasing Chubb Limited (NYSE:CB) shares in the third quarter of 2023 and continued to increase its holdings over the next three quarters. It now owns over 27 million shares, representing a $6.9 billion investment that constitutes 2.46% of its portfolio.

Chubb Limited (NYSE:CB) currently offers a quarterly dividend of $0.91 per share, having raised it by 6% in May this year. This was the company’s 31st consecutive year of dividend growth. The stock offers a dividend yield of 1.34%, as of August 21.

Insider Monkey’s database of Q2 2024 indicated that 46 hedge funds owned stakes in Chubb Limited (NYSE:CB), down from 53 in the preceding quarter. These stakes have a collective value of over $8 billion.