AJG Declares Dividend

NU Online News Service, Sept. 16, 2:43 p.m.EDT?Insurance broker Arthur J. Gallagher & Co. hasdeclared a regular quarterly cash dividend of 18 cents per share onits common stock, payable on Oct. 15 to shareholders of record asof Sept. 30.

For the second quarter of this year ending June 30, the Itasca,Ill-based insurance broker reported an increase in overall profitof 5 percent, or $1.7 million, going from $34.5 million for thethree months of 2002 to $36.2 million. Earnings per share rose twocents to 39 cents a share for the period. Revenues increased 12percent, or $32.2 million, from $266.8 million to $299 million, thecompany said.

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