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Arthur J. Gallagher (AJG) Raises Quarterly Dividend 2.8% to $0.37; 3.3% Yield

January 29, 2015 5:03 PM EST

Arthur J. Gallagher (NYSE: AJG) declared a quarterly dividend of $0.37 per share, or $1.48 annualized. This is a 2.8% increase from the prior dividend of $0.36.

The dividend will be payable on March 20, 2015, to stockholders of record on March 4, 2015, with an ex-dividend date of March 2, 2015.

The annual yield on the dividend is 3.3 percent.

"Today's announcement is the fifth year in a row that the Board has increased the dividend and the 27th increase since we went public in 1984. This increase reflects the Board's confidence in Gallagher's continued execution on its growth strategy and strong financial position," said J. Patrick Gallagher, Jr, Chairman, President and CEO. "As in previous years, the Board continues to focus on delivering a consistent return to its stockholders."

For a dividend history and other dividend-related data on Arthur J. Gallagher (AJG) click here.



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