New York-based Marsh & McLennan Companies Inc. declared a quarterly dividend of 20 cents per share on outstanding common stock, payable on May 15 to shareholders of record as of April 8.

In its most recent financial report, MMC, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, reported net income for the fourth quarter of 2007 declined 62 percent over the comparable period, dropping $141 million to $85 million. Earnings per share fell 24 cents to 16 cents a share. However, revenues rose 8 percent, or $218 million, to $2.93 billion.

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