NU Online News Service, April 20, 1:12 p.m. EDT

Aon Corp. said it will pay a quarterly cash dividend of 15 cents per share on outstanding common stock on May 15 to shareholders of record on May 1.

For the fourth quarter of last year, the Chicago-based insurance broker reported net income dropped $197 million to $10 million, or 4 cents a share, compared to net income of $207 million, or 69 cents for the prior year. Revenues in the quarter dropped 4 percent, or $82 million, to $1.9 billion.

For 2008, net income increased 71 percent, or $614 million, from $864 million, or $2.90 a share in 2007, to $1.48 billion, or $5.18 a share for last year.

The broker is scheduled to report its first-quarter results for this year on May 1.