Professional services firm Aon plc (AON) will raise its quartery dividend by 4.5 percent to 46 cents per share in 2020. This follows last year's 10.0 percent increase to $0.44 per share in the second quarter of 2019. This year will be the 9th of consecutive annual dividend increases by the company.

The next dividend is payable November 13, 2020 to shareholders of record on November 2, 2020. A new annualized rate of $1.84 per share yields 0.9% at a stock price of $209.19.

This Friday, October 9, 2020, Aon stock closed at $209.19 resulting in a small stock price gain of 0.4 percent year-to-date. The company currently has a market cap of $48.4 billion and will pay an estimated annual dividend of $426 million.

Our research shows that Aon has been paying a dividend for many decades with no full dividend history available on the company's website or mentions in press release regarding the dividend history. Aon started hiking the dividend in 2012 with double digit dividend growth announced in six of the last nine years.

Aon plc is a provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. The company uses proprietary data and analytics to deliver insights that reduce volatility and improve performance for its clients. Aon’s principal products and services include, Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services. Aon plc has been paying a dividend to its shareholders every year since at least 1983.