Marsh

NYSE : MRSH
USA·Financial Services·Insurance·Ordinary Shares
$188.35
−0.87 (−0.46%)Oct 16 close
Market Cap
$91.18B
Enterprise Value
$112.12B
P/E (TTM)
23.02
P/B
5.93
Net Cash / (Debt)
−$20.68B
52-Week Range
$157 — $198
5-Year Range
$144 — $244
Avg Volume (3M)
2.64M
ListingsNYSESTUWBO
Dividend Yield (TTM)
0.96%
vs 5Y avg 1.45% · 10Y avg 1.58%
Dividend Yield (Forward)
2.87%
6 payments/yr (spacing)
Dividends / Share (TTM)
$1.80
Forward (annualized): $5.40
Payout Ratio (EPS, TTM)
44.0%
Payout Ratio (FCF, TTM)
37.0%
Dividend CAGR (3Y / 5Y / 10Y)
3Y15.1%5Y13.3%10Y11.3%
Consecutive Growth Years
16
as of 2025
Years Without a Cut
20
as of 2025
Total Shareholder Yield (TTM)
5.03%
Div 1.97% + Net buyback 3.06%

Growth, streak and CAGR figures exclude special dividends.

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 2.0% + Net buybacks 3.1%
Net Buyback (TTM)
$2.74B
Gross $2.90B − Issuance $166M
SBC (TTM)
$419M
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+10.5%1
20171.43+10.0%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+6.2%1

Special dividends are excluded from these figures. Based on 162 regular payments.

Payment history (162 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-04-09$0.9–0.0%Cashquarterly2026-02-252026-04-092026-05-15
2026-01-29$0.9–0.0%Cashquarterly2026-01-142026-01-292026-02-13
2025-10-02$0.9–0.0%Cashquarterly2025-09-172025-10-022025-11-14
2025-07-24$0.9–+10.4%Cashquarterly2025-07-092025-07-242025-08-15
2025-04-03$0.815–0.0%Cashquarterly2025-03-122025-04-032025-05-15
2025-01-30$0.815–0.0%Cashquarterly2025-01-152025-01-302025-02-14
2024-10-04$0.815–0.0%Cashquarterly2024-09-182024-10-042024-11-15
2024-07-25$0.815–+14.8%Cashquarterly2024-07-092024-07-252024-08-15
2024-04-03$0.71–0.0%Cashquarterly2024-03-132024-04-042024-05-15
2024-01-24$0.71–0.0%Cashquarterly2024-01-102024-01-252024-02-15
2023-10-05$0.71–0.0%Cashquarterly2023-09-202023-10-062023-11-15
2023-07-26$0.71–+20.3%Cashquarterly2023-07-112023-07-272023-08-15
2023-04-04$0.59–0.0%Cashquarterly2023-03-152023-04-052023-05-15
2023-01-25$0.59–0.0%Cashquarterly2023-01-112023-01-262023-02-15
2022-10-06$0.59–0.0%Cashquarterly2022-09-222022-10-072022-11-15
2022-07-27$0.59–+10.3%Cashquarterly2022-07-132022-07-282022-08-15
2022-04-05$0.535–0.0%Cashquarterly2022-03-232022-04-062022-05-13
2022-01-26$0.535–0.0%Cashquarterly2022-01-122022-01-272022-02-15
2021-10-07$0.535–0.0%Cashquarterly2021-09-222021-10-082021-11-15
2021-07-28$0.535–+15.1%Cashquarterly2021-07-142021-07-292021-08-13
2021-04-06$0.465–0.0%Cashquarterly2021-03-172021-04-072021-05-14
2021-01-29$0.465–0.0%Cashquarterly2021-01-202021-02-012021-02-12
2020-10-08$0.465–0.0%Cashquarterly2020-09-232020-10-092020-11-13
2020-07-24$0.465–+2.2%Cashquarterly2020-07-152020-07-272020-08-14
2020-04-07$0.455–0.0%Cashquarterly2020-03-112020-04-082020-05-15
2020-01-28$0.455–0.0%Cashquarterly2020-01-152020-01-292020-02-14
2019-10-10$0.455–0.0%Cashquarterly2019-09-182019-10-112019-11-15
2019-07-10$0.455–+9.6%Cashquarterly2019-05-162019-07-112019-08-15
2019-04-09$0.415–0.0%Cashquarterly2019-03-202019-04-102019-05-15
2019-01-29$0.415–0.0%Cashquarterly2019-01-162019-01-302019-02-15
2018-10-10$0.415–0.0%Cashquarterly2018-09-262018-10-112018-11-15
2018-07-10$0.415–+10.7%Cashquarterly2018-05-172018-07-112018-08-15
2018-04-09$0.375–0.0%Cashquarterly2018-03-212018-04-102018-05-15
2018-01-30$0.375–0.0%Cashquarterly2018-01-172018-01-312018-02-15
2017-10-06$0.375–0.0%Cashquarterly2017-09-192017-10-102017-11-15
2017-07-07$0.375–+10.3%Cashquarterly2017-05-302017-07-112017-08-15
2017-04-05$0.34–0.0%Cashquarterly2017-03-152017-04-072017-05-15
2017-01-23$0.34–0.0%Cashquarterly2017-01-112017-01-252017-02-15
2016-10-06$0.34–0.0%Cashquarterly2016-09-212016-10-112016-11-15
2016-07-07$0.34–+9.7%Cashquarterly2016-05-192016-07-112016-08-15
2016-04-06$0.31–0.0%Cashquarterly2016-03-162016-04-082016-05-13
2016-01-21$0.31–0.0%Cashquarterly2016-01-132016-01-252016-02-12
2015-10-07$0.31–0.0%Cashquarterly2015-09-162015-10-092015-11-13
2015-07-08$0.31–+10.7%Cashquarterly2015-05-212015-07-102015-08-14
2015-04-08$0.28–0.0%Cashquarterly2015-03-182015-04-102015-05-15
2015-01-22$0.28–0.0%Cashquarterly2015-01-142015-01-262015-02-13
2014-10-08$0.28–0.0%Cashquarterly2014-09-172014-10-102014-11-17
2014-07-09$0.28–+12.0%Cashquarterly2014-05-152014-07-112014-08-15
2014-04-08$0.25–0.0%Cashquarterly2014-03-192014-04-102014-05-15
2014-01-27$0.25–0.0%Cashquarterly2014-01-152014-01-292014-02-18
2013-10-09$0.25–0.0%Cashquarterly2013-09-182013-10-112013-11-15
2013-07-09$0.25–+8.7%Cashquarterly2013-05-162013-07-112013-08-15
2013-04-08$0.23–0.0%Cashquarterly2013-03-202013-04-102013-05-15
2013-01-24$0.23–0.0%Cashquarterly2013-01-162013-01-282013-02-15
2012-10-09$0.23–0.0%Cashquarterly2012-09-192012-10-112012-11-15
2012-07-09$0.23–+4.5%Cashquarterly2012-05-182012-07-112012-08-15
2012-04-05$0.22–0.0%Cashquarterly2012-03-152012-04-102012-05-15
2012-01-26$0.22–0.0%Cashquarterly2012-01-192012-01-302012-02-15
2011-10-06$0.22–0.0%Cashquarterly2011-09-222011-10-112011-11-15
2011-07-07$0.22–+4.8%Cashquarterly2011-05-202011-07-112011-08-15
2011-04-06$0.21–0.0%Cashquarterly2011-03-172011-04-082011-05-16
2011-01-26$0.21–0.0%Cashquarterly2011-01-212011-01-282011-02-15
2010-10-06$0.21–+5.0%Cashquarterly2010-09-162010-10-082010-11-15
2010-07-07$0.2–0.0%Cashquarterly2010-05-212010-07-092010-08-16
2010-04-07$0.2–0.0%Cashquarterly2010-03-182010-04-092010-05-17
2010-01-27$0.2–0.0%Cashquarterly2010-01-212010-01-292010-02-16
2009-10-07$0.2–0.0%Cashquarterly2009-09-182009-10-092009-11-16
2009-07-08$0.2–0.0%Cashquarterly2009-05-222009-07-102009-08-17
2009-04-07$0.2–0.0%Cashquarterly2009-03-192009-04-092009-05-15
2009-01-28$0.2–0.0%Cashquarterly2009-01-222009-01-302009-02-17
2008-10-14$0.2–0.0%Cashquarterly2008-09-182008-10-162008-11-14
2008-07-03$0.2–0.0%Cashquarterly2008-05-152008-07-082008-08-15
2008-04-04$0.2–0.0%Cashquarterly2008-03-192008-04-082008-05-15
2008-01-24$0.2–+5.3%Cashquarterly2008-01-172008-01-282008-02-15
2007-10-11$0.19–0.0%Cashquarterly2007-09-192007-10-152007-11-15
2007-07-03$0.19–0.0%Cashquarterly2007-05-172007-07-062007-08-15
2007-04-03$0.19–0.0%Cashquarterly2007-03-142007-04-062007-05-15
2007-01-22$0.19–+11.8%Cashquarterly2007-01-172007-01-242007-02-15
2006-10-12$0.17–0.0%Cashquarterly2006-09-132006-10-162006-11-15
2006-07-05$0.17–0.0%Cashquarterly2006-05-182006-07-072006-08-15
2006-04-05$0.17–0.0%Cashquarterly2006-03-152006-04-072006-05-15
2006-01-05$0.17–0.0%Cashquarterly2005-11-162006-01-092006-02-15
2005-10-13$0.17–0.0%Cashquarterly2005-09-152005-10-172005-11-15
2005-07-05$0.17–0.0%Cashquarterly2005-05-202005-07-072005-08-15
2005-04-05$0.17–0.0%Cashquarterly2005-03-172005-04-072005-05-13
2005-03-11$0.17–-50.0%Cashquarterly2005-02-192005-03-152005-03-30
2004-10-13$0.34–0.0%Cashquarterly2004-09-142004-10-152004-11-15
2004-07-02$0.34–+9.7%Cashquarterly2004-05-202004-07-072004-08-13
2004-04-06$0.31–0.0%Cashquarterly2004-03-182004-04-082004-05-14
2003-12-31$0.31–0.0%Cashquarterly2003-11-202004-01-052004-02-13
2003-10-10$0.31–0.0%Cashquarterly2003-09-182003-10-152003-11-14
2003-07-07$0.31–+10.7%Cashquarterly2003-05-152003-07-092003-08-15
2003-04-07$0.28–0.0%Cashquarterly2003-03-202003-04-092003-05-15
2003-01-02$0.28–0.0%Cashquarterly2002-11-212003-01-062003-02-14
2002-10-10$0.28–0.0%Cashquarterly2002-09-192002-10-152002-11-15
2002-07-05$0.28–+5.7%Cashquarterly2002-05-172002-07-092002-08-15
2002-04-05$0.265$0.530.0%Cashquarterly2002-03-212002-04-092002-05-15
2002-01-03$0.265$0.530.0%Cashquarterly2001-11-152002-01-072002-02-15
2001-10-11$0.265$0.530.0%Cashquarterly2001-09-202001-10-152001-11-15
2001-07-05$0.265$0.53+6.0%Cashquarterly2001-05-172001-07-092001-08-15
2001-04-05$0.25$0.50.0%Cashquarterly2001-03-152001-04-092001-05-15
2001-01-04$0.25$0.50.0%Cashquarterly2000-11-162001-01-082001-02-14
2000-10-12$0.25$0.50.0%Cashquarterly2000-09-212000-10-162000-11-15
2000-07-06$0.25$0.5+11.1%Cashquarterly2000-05-182000-07-102000-08-15
2000-04-06$0.225$0.450.0%Cashquarterly2000-03-162000-04-102000-05-15
2000-01-06$0.225$0.450.0%Cashquarterly1999-11-182000-01-102000-02-14
1999-10-07$0.225$0.450.0%Cashquarterly1999-09-171999-10-121999-11-15
1999-07-08$0.225$0.45+12.5%Cashquarterly1999-05-201999-07-121999-08-13
1999-04-08$0.2$0.40.0%Cashquarterly1999-03-181999-04-121999-05-14
1999-01-07$0.2$0.40.0%Cashquarterly1998-11-191999-01-111999-02-12
1998-10-07$0.2$0.40.0%Cashquarterly1998-09-171998-10-091998-11-13
1998-07-08$0.2$0.4+20.0%Cashquarterly1998-05-201998-07-101998-08-14
1998-04-07$0.1667$0.50010.0%Cashquarterly1998-03-191998-04-091998-05-15
1998-01-07$0.1667$0.50010.0%Cashquarterly1997-12-181998-01-09-
1997-10-08$0.1667$0.50010.0%Cashquarterly1997-09-181997-10-101997-11-14
1997-07-09$0.1667$0.5001+11.1%Cashquarterly1997-05-211997-07-111997-08-15
1997-04-09$0.15$0.90.0%Cashquarterly1997-03-201997-04-111997-05-15
1997-01-08$0.15$0.90.0%Cashquarterly1996-11-211997-01-101997-02-14
1996-10-09$0.15$0.9+12.4%Cashquarterly1996-09-191996-10-111996-11-14
1996-07-09$0.1334$0.80040.0%Cashquarterly1996-05-211996-07-111996-08-14
1996-04-09$0.1334$0.8004+0.1%Cashquarterly1996-03-201996-04-111996-05-14
1996-01-09$0.1333$0.8-0.1%Cashquarterly1995-12-201996-01-111996-02-14
1995-10-06$0.1334$0.8004+10.3%Cashquarterly1995-09-211995-10-111995-11-14
1995-07-07$0.1209$0.7254+0.1%Cashquarterly1995-05-161995-07-111995-08-14
1995-04-05$0.1208$0.725-0.1%Cashquarterly1995-03-161995-04-111995-05-15
1995-01-05$0.1209$0.72540.0%Cashquarterly1994-11-151995-01-111995-02-15
1994-10-04$0.1209$0.72540.0%Cashquarterly1994-09-201994-10-111994-11-15
1994-07-05$0.1209$0.7254+7.4%Cashquarterly1994-05-171994-07-111994-08-15
1994-04-05$0.1126$0.67560.0%Cashquarterly1994-03-151994-04-111994-05-16
1994-01-05$0.1126$0.67560.0%Cashquarterly1993-11-161994-01-111994-02-15
1993-10-05$0.1126$0.67560.0%Cashquarterly1993-09-211993-10-121993-11-15
1993-07-06$0.1126$0.67560.0%Cashquarterly1993-05-181993-07-121993-08-16
1993-04-05$0.1126$0.67560.0%Cashquarterly1993-03-161993-04-121993-05-17
1993-01-05$0.1126$0.67560.0%Cashquarterly1992-11-171993-01-111993-02-16
1992-10-06$0.1126$0.67560.0%Cashquarterly1992-09-151992-10-131992-11-16
1992-07-07$0.1126$0.6756+3.9%Cashquarterly1992-05-191992-07-131992-08-17
1992-04-07$0.1084$0.65040.0%Cashquarterly1992-03-171992-04-131992-05-15
1992-01-07$0.1084$0.65040.0%Cashquarterly1991-11-191992-01-131992-02-18
1991-10-07$0.1084$0.65040.0%Cashquarterly1991-09-171991-10-111991-11-15
1991-07-05$0.1084$0.65040.0%Cashquarterly1991-05-211991-07-111991-08-15
1991-04-05$0.1084$0.65040.0%Cashquarterly1991-03-191991-04-111991-05-15
1991-01-07$0.1084$0.65040.0%Cashquarterly1990-11-201991-01-111991-02-15
1990-10-04$0.1084$0.65040.0%Cashquarterly1990-09-181990-10-111990-11-15
1990-07-05$0.1084$0.6504+4.0%Cashquarterly1990-05-151990-07-111990-08-15
1990-04-05$0.1042$0.62520.0%Cashquarterly1990-03-201990-04-111990-05-15
1990-01-05$0.1042$0.62520.0%Cashquarterly1989-11-211990-01-111990-02-15
1989-10-04$0.1042$0.62520.0%Cashquarterly1989-09-191989-10-111989-11-15
1989-07-05$0.1042$0.62520.0%Cashquarterly1989-05-181989-07-111989-08-15
1989-04-05$0.1042$0.62520.0%Cashquarterly1989-03-161989-04-111989-05-15
1989-01-05$0.1042$0.62520.0%Cashquarterly1988-11-171989-01-111989-02-15
1988-10-04$0.1042$0.6252+4.1%Cashquarterly1988-09-151988-10-111988-11-15
1988-07-05$0.1001$0.60060.0%Cashquarterly1988-05-191988-07-111988-08-15
1988-04-05$0.1001$0.60060.0%Cashquarterly1988-03-171988-04-111988-05-16
1988-01-05$0.1001$0.60060.0%Cashquarterly1987-11-191988-01-111988-02-15
1987-10-02$0.1001$0.60060.0%Cashquarterly1987-09-171987-10-081987-11-12
1987-06-29$0.1001$0.6006+26.4%Cashquarterly1987-05-211987-07-061987-08-12
1987-03-31$0.0792$0.47520.0%Cashquarterly1987-03-191987-04-061987-05-13
1986-12-29$0.0792$0.47520.0%Cashquarterly1986-11-201987-01-051987-02-11
1986-09-30$0.0792$0.4752+26.5%Cashquarterly1986-09-181986-10-061986-11-12
1986-06-30$0.0626$0.37560.0%Cashquarterly1986-05-151986-07-071986-08-13
1986-04-01$0.0626$0.7512+11.2%Cashquarterly1986-03-201986-04-071986-05-14
1985-12-30$0.0563$0.6756–Cashquarterly1985-11-211986-01-061986-02-05

Splits (5)

DateRatioCumulative
1980-11-122:1×24 to today
1986-05-152:1×12 to today
1997-06-302:1×6 to today
1998-06-293:2×3 to today
2002-07-012:1×2 to today