NU Online News Service, April 27, 3:41 p.m.EDT

Itasca, Ill.-based insurance broker Arthur J. Gallagher &Co. will pay a quarterly dividend of 32 cents per share on commonstock, payable July 15 to shareholders of record as of June 30.

For the fourth quarter of 2008, AJG reported net income dropped80 percent. The firm said net income fell by close to $19 millionto $5 million in the quarter from $23 million in the prior-yearfourth quarter.

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