Arthur J. Gallagher Keeps Dividend Steady
Insurance broker and risk management services firm Arthur J. Gallagherannounced yesterday its third-quarter dividend of $0.35 per share, the same rate it's paid for the past two quarters after raising the payout 3%, from $0.34 per share.
The board of directors said the quarterly dividend is payable on Sept. 20 to the holders of record at the close of business on Sept. 4. The insurance broker has made payouts to investors since 2001.
The regular dividend payment equates to a $1.40-per-share annual dividend, yielding 3.2% based on the closing price today of Arthur J. Gallagher's stock.
The article Arthur J. Gallagher Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.