Marsh & McLennan Companies, Inc. (NYSE:MRSH – Get Free Report) declared a quarterly dividend on Wednesday, July 8th. Shareholders of record on Thursday, July 23rd will be paid a dividend of 0.99 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, July 23rd. This is a 10.0% increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90.
Marsh & McLennan Companies has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Marsh & McLennan Companies has a payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Marsh & McLennan Companies to earn $11.24 per share next year, which means the company should continue to be able to cover its $3.96 annual dividend with an expected future payout ratio of 35.2%.
Marsh & McLennan Companies Stock Down 0.2%
NYSE MRSH opened at $181.82 on Tuesday. Marsh & McLennan Companies has a 12-month low of $156.60 and a 12-month high of $213.80. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $87.84 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 2.74 and a beta of 0.61.
About Marsh & McLennan Companies
Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.
The firm operates through several well-known subsidiaries and business units that specialize in distinct services.
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