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

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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.

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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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Earnings stood at 5 cents per share compared to 25 cents in2007. Revenues were up slightly by $2 million to $412 million inthe quarter.

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For the year, net income dropped 44 percent, or $61 million,from $139 million, or $1.43 per share in 2007, to $77 million, or82 cents per share for 2008. Revenues rose 1 percent, or $21million, to $1.65 billion.

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AJG will release its first-quarter earnings Tuesday after themarkets close and hold an analyst's conference call on Wednesdaymorning.

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