Arthur J. Gallagher & Co. (AJG) to Issue Quarterly Dividend of $0.70 on March 20th

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Friday, March 6th will be given a dividend of 0.70 per share by the financial services provider on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a 7.7% increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65.

Arthur J. Gallagher & Co. has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Arthur J. Gallagher & Co. has a dividend payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Arthur J. Gallagher & Co. to earn $13.26 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 19.6%.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $245.62 on Friday. The company has a 50-day moving average price of $253.20 and a 200-day moving average price of $277.07. Arthur J. Gallagher & Co. has a 52 week low of $236.34 and a 52 week high of $351.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $63.08 billion, a P/E ratio of 36.71, a PEG ratio of 1.31 and a beta of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.61 billion. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Key Stories Impacting Arthur J. Gallagher & Co.

Here are the key news stories impacting Arthur J. Gallagher & Co. this week:

Arthur J. Gallagher & Co. Company Profile

(Get Free Report)

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.

Featured Articles

Dividend History for Arthur J. Gallagher & Co. (NYSE:AJG)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.