Marsh & McLennan Companies Inc. declared a quarterly dividend of 20 cents per share on common stock, payable on Nov. 14 to shareholders of record as of Oct. 16.

For the second quarter of this year, New York-based MMC, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, reported net income decreased 63 percent, or $112 million, compared to the same period last year, to $65 million. Earnings per share dropped 18 cents a share to 13 cents. Revenues increased 9 percent, or $263 million, to $3.04 billion, the company said.

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