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.

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