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.
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