By Stephen Nakrosis

Aon on Friday said its board approved a 10% increase to the company's quarterly cash dividend to $0.675 per share from $0.615 per share.

The new dividend will be payable on May 15 to shareholders of record on May 1, the company said.

The new dividend of $2.70 on an annual basis represents a yield of 0.8%, based on Friday's closing price of $308 per share.

The company last raised its quarterly dividend in April 2023 to $0.615 per share from $0.56 per share.

Aon is a provider of risk, health and wealth solutions.

Write to Stephen Nakrosis at

(END) Dow Jones Newswires

04-12-24 1716ET