Marsh & McLennan Cos. Inc. said its management team would recommend that the board raise its annual dividend by 12%, to 76 cents a share.
Michael G. Cherkasky, the New York company's president and chief executive, said Thursday at an investors' day conference in New York that he expects the board to approve the increase.
Over the next three years Mr. Cherkasky expects revenue growth "in excess of 5%" and earnings growth in the "mid-teens."
A 2007 share repurchase is possible but unlikely, because Marsh wants to invest in its business lines, he said.
Marsh has spent the past two years trying to recover from an investigation by the New York Attorney General's Offices into allegations of bid rigging and price fixing. The company settled the case in January 2005 by paying $850 million of restitution.
This fall Marsh announced plans to sell its mutual fund unit, Putnam Investments. In the first 10 months of this year Putnam had $14.7 billion of redemptions, with $3.2 billion leaving in October, according to data from Financial Research Corp.
