Arthur J. Gallagher & Co. (NYSE:AJG) Declares $0.70 Quarterly Dividend

Arthur J. Gallagher & Co. (NYSE:AJG) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 8th will be paid a dividend of 0.70 per share by the financial services provider on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 8th.

Arthur J. Gallagher & Co. has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. Arthur J. Gallagher & Co. has a payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arthur J. Gallagher & Co. to earn $14.81 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 18.9%.

Arthur J. Gallagher & Co. Stock Up 1.4%

Shares of NYSE:AJG opened at $268.92 on Thursday. The firm has a market capitalization of $69.09 billion, a PE ratio of 43.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The business has a 50 day simple moving average of $229.80 and a two-hundred day simple moving average of $224.96. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $313.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.Arthur J. Gallagher & Co.’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the company earned $3.67 EPS. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.

Arthur J. Gallagher & Co. Company Profile

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.