Marsh & McLennan hikes dividend by 10.3%

Marsh & McLennan Companies (MMC) will raise its quarterly dividend by 10.3 percent to 59 cents per share in 2021. This will mark 13 consecutive years of dividend increases by the  professional services firm. The next MMC dividend is payable on August 15, 2022, to stockholders of record on July 28, 2022. The new yield for MMC is 1.6% at a stock price of $148.

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.