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[A1.] Marsh Rescue Plan Unveiled Marsh & McLennan, which reported a loss of $676 million for the fourth quarter, is laying off 2,500 employees, cutting its dividend, increasing the commissions it charges, and dropping unprofitable clients.
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The total dividend increased by 10.1% to 17.5p a share.
The company's total dividend increased to 6.4p a share, from 6.1p a year earlier.
Efficiency dividend increased across public service by 0.25% for three years, saving $569m.
On a quarterly basis, the dividend increases to 65 cents a unit from 62.5 cents.
It has been paying a dividend since 1895, with the dividend increased annually for the last 46 years.
Many sin stocks also pay high dividends, increasing an investor's overall return.
Those dividend increases are not guaranteed – obviously.
The dividend increase is the first since December 2000.
This was the second dividend increase in the last six months.
Even dividend increases have resumed at some institutions.
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