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

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

Marsh & McLennan Companies has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. Marsh & McLennan Companies has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Research 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 fifty day moving average of $185.94. The firm has a market cap of $84.35 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58. Marsh & McLennan Companies has a 1-year low of $156.60 and a 1-year high of $207.82. 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 (NYSE:MRSH) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.28 billion for the quarter. The business’s revenue was up 6.2% on a year-over-year basis. Equities analysts predict that Marsh & McLennan Companies will post 10.44 earnings per share for the current year.

Marsh & McLennan Companies Company Profile

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.