This new dividend rate translates to an annual distribution of $3.96 per share. Based on Wednesday’s closing price of $179.22, the move bumps the stock's annual yield to 2.2%, up from the previous 2% mark. The company confirmed the funds will reach shareholders of record as of July 23, with payments scheduled for distribution on August 14.
In section Market Quotes
Marsh Lifts Quarterly Dividend Payout to 99 Cents
Shareholders of New York-based professional services firm Marsh are set for a pay increase, as the board of directors authorized a 10% hike to the company's quarterly dividend. The adjustment pushes the payout from 90 cents to 99 cents per share, reflecting a broader strategy to return capital to investors.
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