NU Online News Service, Jan. 29, 3:47 p.m. EST

Arthur J. Gallagher & Co. insurance brokerage declared a regular quarterly cash dividend of 32 cents a share on its common stock payable on April 15 to shareholders of record as of March 31.

For the third quarter of last year, the Itasca, Ill.-based firm reported net income rose $4 million to $42 million, which translated into a 1 cent increase in earnings per share to 41 cents. Revenues rose 3 percent, or $11 million, to $440 million.

For the first nine months of 2009, net income rose 54 percent, or $39 million, to $112 million. Earnings per share rose from 78 cents last year to $1.12. Revenues rose 5 percent, or $61 million, to $1.3 billion.

AJG reports its fourth quarter and year-end results on Tuesday.