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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Marsh and McLennan Companies Inc | NYSE:MMC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.09 | -0.05% | 199.27 | 199.84 | 196.72 | 198.58 | 1,039,891 | 01:00:00 |
By Tess Stynes
Marsh & McLennan Cos. (MMC) said its board authorized the repurchase of as much as $2 billion in stock and increased the professional-services firm's quarterly dividend by 12%.
The quarterly payout to shareholders was increased to 28 cents a share, an increase of three cents a share.
The company, which operates insurance and consulting businesses, also said shareholders re-elected its slate of board candidates for one-year terms.
The company recently had a market capitalization of $26.83 billion, according to FactSet Research.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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