Insurance broker Marsh & McLennan Cos. raised its quarterly dividend by 10% to $0.9 per share from $0.815.
According to the company’s press release, the payout will take place on 15 August. Closing of the shareholder register is scheduled for 24 July.
Dividend yield of the securities will be about 1.7% per annum based on current quotations.
Market value of Marsh & McLennan for the last three months decreased by 7.2% (up to $105bn), at the same time Standard & Poor’s 500 stock index added 14.4%.