Marsh & McLennan Companies, Inc. (NYSE:MRSH) to Issue Quarterly Dividend of $0.99

Key Points

• Marsh & McLennan declared a quarterly dividend of $0.99 per share, payable November 13 to shareholders of record on October 1. The dividend represents an annualized payout of $3.96 and a 2.2% yield.
• The company has increased its dividend for 15 consecutive years, with a 38.2% payout ratio. Analysts expect earnings to comfortably cover the projected annual dividend, implying a future payout ratio of 34.8%.
• MRSH shares opened at $176.75, down 1.7%, while the company’s latest quarterly results exceeded expectations with earnings of $2.96 per share and revenue of $7.28 billion, up 6.2% year over year.

Marsh & McLennan Companies, Inc. (NYSE:MRSH - Get Free Report) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 1st will be given a dividend of 0.99 per share by the financial services provider on Friday, November 13th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, October 1st.

Marsh & McLennan Companies has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Marsh & McLennan Companies has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marsh & McLennan Companies to earn $11.38 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 34.8%.

Marsh & McLennan Companies Stock Down 1.7%

NYSE:MRSH opened at $176.75 on Thursday. The company has a market cap of $84.35 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.49 and a beta of 0.58. The business has a fifty day moving average of $185.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies has a 12-month low of $156.60 and a 12-month high of $207.82.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business had revenue of $7.28 billion during the quarter. The company's revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that Marsh & McLennan Companies will post 10.44 earnings per share for the current year.

About Marsh & McLennan Companies

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that helps organizations manage risk, strategy and people-related challenges. Its businesses serve corporations, governments, institutional investors and other organizations across a broad range of industries and geographies.

The company's principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, which provides reinsurance brokerage and related risk management services; Mercer, which offers consulting in areas such as talent, health, retirement and investments; and Oliver Wyman, a management consulting firm.

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