Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it will pay a quarterly cash dividend of 32 cents per share on Oct. 15 to shareholders of record as of Sept. 30.
Gallagher reported net income of loss of $6 million for the first quarter of this year compared to net income of $20 million for the same period last year. That translated into a loss of earnings per share of 7 cents. Revenues were virtually flat, rising $800,000 to $375.8 million.
The firm will release its second-quarter financial results on Wednesday.
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