By Colin Kellaher

 

Marsh & McLennan Cos. (MMC) on Thursday said its board raised the quarterly dividend by 9.6% to 45.5 cents from 41.5 cents.

The new payout, equal to $1.82 a year, represents an annual yield of about 1.92% based on Wednesday's closing price of $94.73, up from about 1.73%.

The New York professional-services firm said the increased dividend is payable Aug. 15 to shareholders of record on July 11.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

May 16, 2019 11:35 ET (15:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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