Marsh & McLennan Companies, Inc. (MMC) To Go Ex-Dividend on January 29th

Marsh & McLennan Companies, Inc. (NYSE:MMC) declared a quarterly dividend on Wednesday, January 14th. Stockholders of record on Thursday, January 29th will be given a dividend of 0.90 per share by the financial services provider on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, January 29th.

Marsh & McLennan Companies has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Marsh & McLennan Companies has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Marsh & McLennan Companies to earn $10.48 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 34.4%.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $182.39 on Friday. The firm’s 50 day simple moving average is $183.58 and its 200 day simple moving average is $195.52. Marsh & McLennan Companies has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The company has a market capitalization of $89.35 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period last year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Company Profile

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.