NU Online News Service, Jan. 31, 7:31 a.m. EST
Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. announced that it has increased its quarterly cash dividend by 3 percent, reflecting confidence in its continued growth, its chief executive said.
AJG said it will pay a 33 cent per share quarterly cash dividend on the company's common stock payable on April 15 to shareholders of record as of March 31.
In a statement, J. Patrick Gallagher, Jr., chairman, president, and chief executive officer said the announcement represented a 3 percent, or 1 cent, increase in the firm's dividend payment. He said the increase "reflects the board's continued confidence in our company and in our ability to grow in this challenging environment. Over the years, we've been committed to rewarding our shareholders, and this increase is a reflection of that continued commitment."
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