Marsh Declares Dividend

NU Online News Service, Sept. 20, 11:16 a.m. EST?Marsh & McLennan Companies Inc. in New York has declared a quarterly dividend of 28 cents per share on outstanding common stock. Payments will be made on Nov. 15 to shareholders of record as of Oct. 15.

For the three months ending June 30, the firm reported net income increased $43 million, from $293 million in the second quarter of 2001 to $336 million for the same period this year.

Earnings per share increased 9 cents, or 18 percent, rising from 51 cents for the second quarter of 2001 to 60 cents in 2002.

MMC reported total revenues increased 3 percent, rising from $2.5 billion for the second quarter of 2001 to $2.6 billion.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.