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Marsh McLennan dividend history

Marsh McLennan's dividend was $3.43 a share in fiscal 2025, up 12.5% on the year before. That was 40.8% of net income. It has raised its dividend per share every year since fiscal 2022, as far back as our figures go.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$3B
Dividends (TTM)
$1.8B
Returned to shareholders
116%
of free cash flow
Buybacks, last 3 fiscal years
$4.1B
Diluted share count
−2.0%
year over year
Total shareholder yield
4.9%
dividends 1.8% + buybacks 3.1% of market value
Dividend payout ratio
45%
of net income paid out

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Dividend per share——————$2.25$2.60$3.05$3.43—
Dividend per share growth———————+15.6%+17.3%+12.5%—
Dividends paid6827408078909431,0261,1381,2981,5131,6991,798
Share buybacks80090067548501,1591,9501,1509002,0123,026
Dividends ÷ net income38.6%49.6%48.9%51.1%46.8%32.6%37.3%34.6%37.3%40.8%44.5%
Dividends ÷ free cash flow38.9%46.5%38.2%45.9%31.1%33.0%38.0%33.8%38.0%34.0%43.3%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Compare with peers

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Figures from Marsh McLennan's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Marsh McLennan.