Marsh & McLennan Raises Quarterly Dividend 10%

Marsh & McLennan Companies, Inc. (NYSE: MRSH) raised its quarterly dividend by 10% to $0.99 per share from $0.90, extending its run of annual dividend growth to 16 consecutive years. The shares have an ex-dividend date of July 23, 2026.

At the new rate, the financial-services company’s indicated annual dividend is $3.96 per share. Based on a share price of $192.01, that equates to a forward annual yield of 2.06%.

The company’s board announced the increase without giving a specific reason for the decision in its brief dividend declaration. Marsh’s announcement characterized the action as an increase in the quarterly cash dividend.

Business and financial context

Marsh & McLennan adopted Marsh as its updated brand name in January 2026, while retaining Marsh & McLennan Companies, Inc. as its legal corporate name. The company operates through two segments: Risk and Insurance Services, which includes Marsh Risk and Guy Carpenter, and Consulting, which includes Mercer and Marsh Management Consulting. It advises clients across risk, reinsurance and capital, people and investments, and management consulting, according to its 2025 Form 10-K.

The dividend increase came shortly before Marsh reported second-quarter results. Revenue rose 6% from a year earlier, while underlying revenue increased 5%. Adjusted earnings per share advanced 9%. Chief Executive John Doyle said the first-half performance reflected strong demand for the company’s expertise across risk, people, strategy and investments. The earnings release was filed with the SEC.

Those operating trends provide context for the board’s decision, although the company did not explicitly connect the dividend increase to quarterly performance. Marsh’s dividend record also includes a previous reduction in 2005, predating the current 16-year growth streak.

What it means for income investors

The increase adds $0.09 per share to each quarterly payment and $0.36 per share to the indicated annualized payout. The company carries a dividend safety score of 85 out of 100, corresponding to an A grade. For income-focused shareholders, the event represents another year of payout growth, while the 2.06% forward yield places the emphasis on dividend consistency and growth rather than a high current yield.