Marsh & McLennan Companies Inc. said it is increasing the company's dividend payment to 20 cents per share on outstanding common stock up from 19 cents per share.
The dividend is payable on Feb. 15 to shareholders of record on Jan. 28.
New York-based services firm MMC, parent company of the insurance brokerage firm Marsh, has been rocked by that division's poor performance, which resulted in recent management changes that include a new chief executive officer for Marsh and the announcement that Michael Cherkasky, MMC president and CEO, will be leaving the firm.
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