Marsh & McLennan Companies, Inc. has declared a quarterly dividend of 17 cents per a share, payable Feb. 15, 2006 to shareholders of record on Jan. 9, 2006.
Earlier this month, New York based MMC, the parent of insurance broker Marsh reported third quarter net income was up $44 million, or 209 percent, to $65 million, or 12 cents a share, compared to $21 million or 4 cents a share for the same period last year. Revenues decreased 2 percent, or $52 million, going from $2.95 billion to less than $2.90 billion.
For the nine months of 2005, net income dropped $491 million, or 57 percent, from $856 million, or $1.60 per share, to $365 million, or 67 cents a share. Revenues rose less than 1 percent, or $2 million, from $9.174 billion to $9.176 billion for the period.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 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.
