MMC Declares Stock Split, Ups Dividend
NU Online News Service, May 17, 10:16 a.m. EST?Marsh & McLennan Companies Inc. announced a two-for-one stock split and 6 percent increase in their dividend payment.
The company said yesterday the stock split would be payable to shareholders of record on June 7 to be issued after the close of business on June 28. The split would increase MMC's total common shares outstanding from approximately 272 million to 544 million.
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