Should You Buy Marsh & McLennan (MMC) Following Dividend Hike?

Global professional services firm Marsh & McLennan Companies, Inc. (MMC) recently announced a significant increase in its quarterly cash dividend. On Jul 10, 2024, its board of directors revealed a 15% hike in the quarterly cash dividend, raising it from 71 cents to 81.5 cents per share. The new dividend will be payable on Aug 15, 2024, to shareholders of record as of Jul 25. YTD Price Performance For income-focused investors, the increased dividend provides a higher yield. But is this the right time to buy ...