Arthur J. Gallagher Increases Dividend
NU Online News Service, Oct. 23, 9:15 a.m. EST?Arthur J. Gallagher & Co. has declared a quarterly cash dividend of 25 cents per share to be paid on April 15 to shareholders of record as of March 31.[@@]
J. Patrick Gallagher Jr., president and chief executive officer of the Itasca, Ill.-based insurance brokerage firm, said in a statement that the payment is a 39 percent increase over the previous quarter payment of 18 cents a share.
"This increase rewards our shareholders yet leaves Gallagher with ample cash to fund our internal growth, make acquisitions in our core brokerage and risk management businesses, and maintain our stock repurchase program," he said.
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