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Insurance broker and risk management services firm Arthur J. Gallagher (NYSE: AJG ) announced 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.