MMC increases quarterly dividend & elects director nominees

Marsh & McLennan Companies (MMC) board of directors has voted to increase the company’s quarterly cash dividend at its annual meeting.

The board increased the quarterly cash dividend from $.31 to $.34 per share on outstanding common stock.

The dividend is payable on August 15 2016 to shareholders of record on July 11 2016.

MMC shareholders also elected the entire slate of 2016 director nominees for a one-year term expiring at next year's annual meeting. They include: Oscar Fanjul, Daniel Glaser, H Edward Hanway, Elaine La Roche, Maria Silvia Bastos Marques, Steven Mills, Bruce Nolop, Marc Oken, Morton Schapiro, Lloyd Yates and R David Yost.

At the meeting shareholders ratified the selection of Deloitte & Touche as the company's independent registered public accounting firm for 2016.

Shareholders also approved, by nonbinding vote, the compensation of the company’s named executive officers.