Marsh & McLennan
increases its quarterly dividend from 19 cents to 20 cents.
Doesn't sound like much, but they were (unoficially) a member of the Dividend Aristocrats, for increasing their dividend every year since becoming public in the early 60's until a few years ago, when former NY Attorney General Mr. Spitzer took its former CEO and founder Hank Greenberg in his crosshairs and tried to create a Conrad Black out of him. The case is still not resolved, but in the meantime they had to cut the dividend in half a few years ago, they fired the founder and took other drastic measures.
They used to be (still are?) the biggest insurance broker in the world, followed by AON Corporation. In a strange twist, #3 or #4 broker, Willis Group is now
trying to buy Marsh.
I am short puts on Marsh (i.e. bullish).