AON Boosts Dividend; Will Buyback Up to $5B Shares

Aon AON announced today that its Board of Directors has authorized a $5 billion share repurchase program and a 5% increase to its annual cash dividend paid quarterly on outstanding Class A ordinary shares. "We have taken significant steps to strengthen our industry-leading product portfolio, position the firm for strong free cash flow generation and increase financial flexibility," said Greg Case, president and chief executive officer. "Today's announced actions highlight our belief in the underlying strength of the firm and our continued focus on maximizing total return for shareholders."