Marsh

FRA : MSN
USA·Financial Services·Insurance·Ordinary Shares
€167.30
−1.85 (−1.12%)Oct 16 close
Market Cap
€80.99B
Enterprise Value
€99.15B
P/E (TTM)
23.69
P/B
6.10
Net Cash / (Debt)
−€17.95B
52-Week Range
€135 — €168
5-Year Range
€128 — €228
Avg Volume (3M)
11
ListingsFRAWBONYSE
Dividend Yield (TTM)
1.43%
vs 5Y avg 1.49% · 10Y avg 1.57%
Dividend Yield (Forward)
2.05%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.79
Forward (annualized): $3.96
Payout Ratio (EPS, TTM)
44.0%
Payout Ratio (FCF, TTM)
37.3%
Dividend CAGR (3Y / 5Y / 10Y)
3Y15.1%5Y13.3%10Y11.3%
Consecutive Growth Years
8
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
4.96%
Div 1.94% + Net buyback 3.02%

Growth, streak and CAGR figures exclude special dividends.

Statement cash flows converted from the reporting currency at each fiscal year's average rate (vendor forex_rate).

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
5.0%
Dividends 1.9% + Net buybacks 3.0%
Net Buyback (TTM)
€2.36B
Gross €2.50B − Issuance €143M
SBC (TTM)
€361M
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is decelerating (12.5% latest vs 15.1% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20253.43+12.5%1
20243.05+17.3%1
20232.60+15.6%1
20222.25+12.5%1
20212.00+8.7%1
20201.84+5.7%1
20191.74+10.1%1
20181.58+45.0%1
20171.09-16.2%1
20161.30+10.2%1
20151.18+11.3%1
20141.06+10.4%1
20130.96+6.7%1
20120.90+4.7%1
20110.86+309.5%1

Special dividends are excluded from these figures. Based on 63 regular payments.

Payment history (63 payments)

Δ%TypeFrequencyDeclarationRecordPay date
2026-07-23$0.99+10.0%Cashquarterly2026-07-082026-07-232026-08-14
2026-04-09$0.90.0%Cashquarterly2026-02-252026-04-092026-05-15
2026-01-29$0.90.0%Cashquarterly2026-01-142026-01-292026-02-13
2025-10-02$0.90.0%Cashquarterly2025-09-172025-10-022025-11-14
2025-07-24$0.9+10.4%Cashquarterly2025-07-092025-07-242025-08-15
2025-04-03$0.8150.0%Cashquarterly2025-03-122025-04-032025-05-15
2025-01-30$0.8150.0%Cashquarterly2025-01-152025-01-302025-02-14
2024-10-04$0.8150.0%Cashquarterly2024-09-182024-10-042024-11-15
2024-07-25$0.815+14.8%Cashquarterly2024-07-092024-07-252024-08-15
2024-04-03$0.710.0%Cashquarterly2024-03-132024-04-042024-05-15
2024-01-24$0.710.0%Cashquarterly2024-01-102024-01-252024-02-15
2023-10-05$0.710.0%Cashquarterly2023-09-202023-10-062023-11-15
2023-07-26$0.71+20.3%Cashquarterly2023-07-112023-07-272023-08-15
2023-04-04$0.590.0%Cashquarterly2023-03-152023-04-052023-05-15
2023-01-25$0.590.0%Cashquarterly2023-01-112023-01-262023-02-15
2022-10-06$0.590.0%Cashquarterly2022-09-222022-10-072022-11-15
2022-07-27$0.59+10.3%Cashquarterly2022-07-132022-07-282022-08-15
2022-04-05$0.5350.0%Cashquarterly2022-03-232022-04-062022-05-13
2022-01-26$0.5350.0%Cashquarterly2022-01-122022-01-272022-02-15
2021-10-07$0.5350.0%Cashquarterly2021-09-222021-10-082021-11-15
2021-07-28$0.535+15.1%Cashquarterly2021-07-142021-07-292021-08-13
2021-04-06$0.4650.0%Cashquarterly2021-03-172021-04-072021-05-14
2021-01-29$0.4650.0%Cashquarterly2021-01-202021-02-012021-02-12
2020-10-08$0.4650.0%Cashquarterly2020-09-232020-10-092020-11-13
2020-07-24$0.465+2.2%Cashquarterly2020-07-152020-07-272020-08-14
2020-04-07$0.4550.0%Cashquarterly2020-03-112020-04-082020-05-15
2020-01-28$0.4550.0%Cashquarterly2020-01-152020-01-292020-02-14
2019-10-10$0.4550.0%Cashquarterly2019-09-182019-10-112019-11-15
2019-07-10$0.455+9.6%Cashquarterly2019-05-162019-07-112019-08-15
2019-04-09$0.4150.0%Cashquarterly2019-03-202019-04-102019-05-15
2019-01-29$0.4150.0%Cashquarterly2019-01-162019-01-302019-02-15
2018-10-10$0.4150.0%Cashquarterly2018-09-262018-10-112018-11-15
2018-07-10$0.415+10.7%Cashquarterly2018-05-172018-07-112018-08-15
2018-04-09$0.3750.0%Cashquarterly2018-03-212018-04-102018-05-15
2018-01-30$0.3750.0%Cashquarterly2018-01-172018-01-312018-02-15
2017-10-06$0.3750.0%Cashquarterly2017-09-192017-10-102017-11-15
2017-07-07$0.375+10.3%Cashquarterly2017-05-302017-07-112017-08-15
2017-01-23$0.340.0%Cashquarterly2017-01-112017-01-252017-02-15
2016-10-06$0.340.0%Cashquarterly2016-09-212016-10-112016-11-15
2016-07-08$0.34+9.7%Cashquarterly2016-05-202016-07-112016-08-15
2016-04-06$0.310.0%Cashquarterly2016-03-162016-04-082016-05-13
2016-01-21$0.310.0%Cashquarterly2016-01-132016-01-252016-02-12
2015-10-07$0.310.0%Cashquarterly2015-09-162015-10-092015-11-13
2015-07-08$0.31+10.7%Cashquarterly2015-05-212015-07-102015-08-14
2015-04-08$0.280.0%Cashquarterly2015-03-182015-04-102015-05-15
2015-01-22$0.280.0%Cashquarterly2015-01-142015-01-262015-02-13
2014-10-08$0.280.0%Cashquarterly2014-09-172014-10-102014-11-17
2014-07-09$0.28+12.0%Cashquarterly2014-05-152014-07-112014-08-15
2014-04-08$0.250.0%Cashquarterly2014-03-192014-04-102014-05-15
2014-01-27$0.250.0%Cashquarterly2014-01-152014-01-292014-02-18
2013-10-09$0.250.0%Cashquarterly2013-09-182013-10-112013-11-15
2013-07-09$0.25+8.7%Cashquarterly2013-05-162013-07-112013-08-15
2013-04-08$0.230.0%Cashquarterly2013-03-202013-04-102013-05-15
2013-01-24$0.230.0%Cashquarterly2013-01-162013-01-282013-02-15
2012-10-09$0.230.0%Cashquarterly2012-09-202012-10-112012-11-15
2012-07-09$0.23+4.5%Cashquarterly2012-05-182012-07-112012-08-15
2012-04-05$0.220.0%Cashquarterly2012-03-152012-04-102012-05-15
2012-01-26$0.220.0%Cashquarterly2012-01-192012-01-302012-02-15
2011-10-06$0.220.0%Cashquarterly2011-09-222011-10-112011-11-15
2011-07-07$0.22+4.8%Cashquarterly2011-05-202011-07-112011-08-15
2011-04-06$0.210.0%Cashquarterly2011-03-172011-04-082011-05-16
2011-01-26$0.210.0%Cashquarterly2011-01-212011-01-282011-02-15
2010-10-06$0.21–Cashquarterly2010-09-162010-10-082010-11-15
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.