NU Online News Service, March 18, 1:09 p.m. EST
Marsh & McLennan Companies Inc. said it will pay a quarterly dividend of 20 cents per share on outstanding common stock, payable on May 17 to shareholders of record as of April 9.
The dividend amount has remained unchanged since January 2008.
For the fourth quarter of 2009, its latest financial report, MMC, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, reported fourth-quarter net income dropped 53 percent, driven down by a $435 million settlement of a stockholders' class action.
The company reported net income fell $42 million to $38 million, or 7 cents a share. Revenues rose 3 percent, or $90 million, to $2.7 billion.
For the year, net income increased $315 million from a net loss of $73 million in 2008 to $242 million, or 45 cents a share. Revenues were down 9 percent, or slightly more than $1 billion to $10.5 billion.
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