Chubb Limited ( CB ) closed higher on Friday as the stock gained after the company announced a dividend increase. The stock also continued higher following this week’s news of a stake from Berkshire Hathaway.

What’s Going On: The company’s shareholders approved an increase to Chubb’s dividend by 5.8% to $0.91 per share.

Furthermore, the stock was also up on continued momentum following Warren Buffett’s Berkshire Hathaway‘s addition of a $6.7 billion stake in the Company.

CB Price Action: Chubb Limited ( CB ) shares are closed up 3.55% at $274.28 according to Benzinga Pro.

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Image: Courtesy of Chubb Limited ( CB ).