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International General Insurance Holdings ($IGIC) Raises Quarterly Dividend By 100%

A market-beating stock with inflation-beating dividend growth and special payouts?

That’s… actually quite common in the insurance sector.

But what is surprising is the rate at which International General Insurance Holdings is growing their quarterly dividend. Yesterday, the firm announced a 100% raise!

International General Insurance specializes in underwriting niche policies such as "marine cargo and maritime liability," "ports and terminals," and "construction and engineering." The firm even offers “political violence” policies which protect customers in the event of a coup d’état.

International General Insurance Holdings has consistently grown their dividend at an extraordinary rate. Last year, the company hiked its quarterly payouts by 150%.

And yesterday, International General Insurance Holdings announced a 100% raise on its dividend with a new quarterly dividend rate of $0.05/share.

• Ex-dividend date: 6/2/2025

• Payout date: 6/18/2025

• Forward starting dividend yield: 0.84%

Chubb ($CB) Raises Dividend By 6.6%

“Whatever you’re insuring — your house, your car, against cyber threats, a piece of artwork, or anything else you value — we’re a responsive, knowledgeable, and empathetic partner.”

That’s a quote from Chubb’s website. And it’s a good way to describe the company. Chubb is an international insurance business that provides property and casualty insurance, but is also known for writing creative and custom policies.

Yesterday, Chubb announced a 6.6% dividend increase. This marks the company’s 32nd year of consecutive dividend raises.

And, Chubb will now pay a quarterly dividend of $0.97/share.

• Ex-dividend date: 6/13/2025

• Payout date: 7/3/2025

• Forward starting dividend yield: 1.32%

South Bow Corporation ($SOBO) Declares $0.50 Dividend

One of my investment strategies is to look for quality stocks that have a long history of paying dividends and are currently underperforming the market. Basically, profitable businesses that are either boring and priced so low that there’s nowhere to go but up.

One example of this is TC Energy Corporation $TRP ( ▲ 0.72% ), a company I purchased in 2023 at an average cost of $33.52/share.

For brevity’s sake, you can read the original write-up here.

But the main takeaway was that TC Energy Corporation was a major player in the pipeline industry and their pipelines transported 25% of all natural gas consumed in North America. You might know this company from one specific asset they owned, the Keystone Pipeline.

Anyway, TC Energy Corporation spun-off the oil pipeline business which eliminated some of the taboo that kept Wall Street away from this stock.

The result?

TC Energy Corporation shares soared, and shareholders got a high-yield spin-off company “on the house.”

South Bow Corporation is the TC Energy spin-off. South Bow Corporation owns and operates oil pipelines that take crude from Canada and transport it to refineries in the United States.

Because South Bow Corporation is a spin-off, and because South Bow operates a controversial pipeline, this is a high-yield business.

Yesterday, South Bow Corporation announced a $0.50/share quarterly dividend, in-line with the previous distribution. At the current share price of $25.93, this gives the company a starting yield of 7.77%.

• Ex-dividend date: 6/30/2025

• Payout date: 7/15/2025

• Forward starting dividend yield: 7.77%