Marsh & McLennan (MMC) will raise its quarterly dividend by 9.6 percent to $0.455 per share in 2019. Last year MMC hiked its dividend by 4 cents to 41.5 cents per share quarterly.

The next dividend is payable on August 15, 2019, to stockholders of record on July 11, 2019. The new yield for professional services firm is 1.9% based on the annual payment of $1.82 per share and 2019 marks the 10th 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.