Arthur J. Gallagher & Co. insurance brokerage has announcedthe continuation of its stock repurchase plan and declared aregular quarterly cash dividend of 28 cents a share.

The Itasca, Ill.-based firm said the common stock dividend ispayable Oct. 14 to shareholders of record as of Sept. 30. Thecompany said it will announce second-quarter results onTuesday.

A stock repurchase plan adopted May 10, 1988 authorizingrepurchase of up to five million shares will continue, the companysaid.

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