The board of directors of Chubb Limited has announced that it will recommend an increase in its quarterly dividend for the 26th consecutive year. The board will make the recommendation to shareholders at Chubb’s annual general meeting.

The board’s proposal calls for a $3 annual per-share dividend, payable in four quarterly installments of $0.75 per share. The current quarterly dividend amount is $0.73 per share.

The board also declared a quarterly dividend of $0.73 per share payable on April 12 to shareholders on record at the close of business on March 22. This will be the fourth installment as approved by Chubb shareholders in May of 2018.

Chubb is the world’s largest publicly traded property and casualty insurance company, with operations in 54 countries and territories.