MMC Declares 31 Cent Quarterly Dividend

NU Online News Service, March 18, 3:59 p.m. EST?Marsh & McLennan Companies announced a quarterly dividend of 31 cents a share.[@@]

The dividend, announced today, will be paid on April 8 to shareholders of common stock as of May 14.

For 2003, New York ? based MMC, a professional services company and parent of insurance broker Marsh, reported net income of $1.54 billion, or $2.82 a share, an increase of $178 million, or 13 percent, over 2002 figures of $1.37 billion, or $2.45 a share. Revenues rose $1.15 billion, or 11 percent, from $10.44 billion to $11.6 billion for the year.

MMC also announced that Zachary W. Carter, a former New York state and federal judge and federal prosecutor, was nominated to become a member of the company's board of directors. Mr. Carter is currently a partner at the law firm of Dorsey & Whitney LLP.

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