Marsh McLennan, a leading global professional services firm, has made an exciting announcement for its investors. The company's Board of Directors has declared a significant increase in the quarterly dividend, which is sure to catch the attention of stockholders and potential investors alike.

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Dividend Increase Details

The Board of Directors of Marsh McLennan has approved a 20% boost in the quarterly dividend. This increase raises the dividend from $0.590 to $0.710 per share on outstanding common stock. This move is a testament to the company's commitment to returning value to its shareholders and signifies their confidence in the future prospects of the firm.

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Payment and Record Dates

Shareholders can look forward to receiving the increased dividend on August 15, 2023. To qualify for the dividend payment, investors must be registered as stockholders on record by July 27, 2023. This timeline provides an opportunity for potential investors to consider acquiring Marsh McLennan shares to benefit from the upcoming dividend increase.

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Implications for Shareholders

The dividend increase of 20% demonstrates the company's financial strength and positive outlook. Shareholders who already own Marsh McLennan stock will experience a higher return on their investment, contributing to the overall growth of their portfolio. This move may also attract new investors who are seeking stable and lucrative investment opportunities.