Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. has declared a regular quarterly cash dividend of 31 cents a share on the company's common stock payable on Oct. 15 to shareholders of record as of Sept. 28.
During the first quarter of this year the company reported net income of $19.8 million, or 20 cents per share, compared with $17.1 million, or 17 cents per share in the first quarter last year.
The company is scheduled to report its second-quarter results next week.
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