Arthur J. Gallagher & Co. Increases Cash Dividend to $0.55 per Share

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE: AJG) announced a quarterly cash dividend of $0.55 per share, reflecting a $0.04 increase from the previous quarter. The dividend will be payable on March 17, 2023, to stockholders of record as of March 3, 2023. This decision underscores the company's commitment to returning value to its shareholders and signifies financial confidence.

Gallagher, a global insurance brokerage and risk management firm, operates in approximately 130 countries, offering a wide range of services through its owned operations and a network of correspondent brokers.

Positive

• Increased quarterly cash dividend from $0.51 to $0.55 per share, highlighting strong financial performance.
• Demonstrates company confidence in ongoing profitability and cash flow.

Negative

• None.

News Market Reaction – AJG

+0.05%

+0.05% Session move

In the trading session that priced this news, AJG gained 0.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ROLLING MEADOWS, Ill., Jan. 25, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced that its Board of Directors declared a fifty five cents ($0.55) per share quarterly cash dividend on the company's common stock, a $0.04 increase over the prior quarter's dividend.  The dividend will be payable on March 17, 2023 to Stockholders of Record as of March 3, 2023.

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Contact: 
Ray Iardella
VP – Investor Relations
630-285-3661/ray_iardella@ajg.com 

View original content:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-increases-cash-dividend-to-0-55-per-share-301730946.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What is the new dividend amount announced by AJG?

Arthur J. Gallagher & Co. announced a new quarterly cash dividend of $0.55 per share.

When will the new dividend for AJG be paid?

The dividend will be payable on March 17, 2023.

What is the record date for the AJG dividend?

The record date for the dividend is March 3, 2023.

How much was the dividend increased for AJG?

The dividend was increased by $0.04 from the previous amount.