Marsh McLennan raises quarterly cash dividend by 10.3% to 59 cents a share


Insurance broker Marsh McLennan MMC, -1.44% said Wednesday its board has approved a 10.3% hike in its quarterly cash dividend to 59 cents a share from 53.50. The new dividend is payable Aug. 15 to shareholders of record as of July 28. Shares were slightly lower premarket and are down 12% in the year to date, while the S&P 500 SPX, -0.92% has fallen 20%.

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