Marsh & McLennan (MMC) will raise its quarterly dividend by 10.7 percent to $0.415 per share in the second quarter of 2018. Last year MMC hiked its dividend by $0.035 to $0.375 per share.
The next dividend is payable on August 15, 2018, to stockholders of record on July 11, 2018. The new yield for professional services firm is 1.9% based on the annual payment of $1.66 per share and 2018 marks the 9th consecutive year of dividend increases by the company.
Marsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people. Its businesses include: Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and investment related advice and services; and Oliver Wyman Group, the management, economic and brand consultancy. The company conducts business through two segments: Risk and Insurance Services and Consulting. Marsh was originally founded in 1871.