Marsh & McLennan Unveils $2 Billion Stock Buyback, Raises Dividend
May 15 2014 - 12:18PM
Dow Jones News
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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