Arthur J. Gallagher & Co. announced that its Board of Directors declared a quarterly cash dividend on the company’s common stock of $.31 per share payable on April 13, 2007 to shareholders of record as of March 30, 2007.
Gallagher also announced that its Board reauthorized its stock
repurchase plan. The Plan, originally adopted on May 10, 1988, authorizes the repurchase of up to 5 million shares at such times and prices as the company may deem advantageous and in compliance with the SEC’s Rule 10b-18. There is no commitment or obligation on the part of the company to purchase any particular amount of common stock and the plan can be suspended at any time at the company’s discretion, the Gallagher statement said.
“We place a high priority on delivering growth and value to our
shareholders, which is evident by our 15 straight years of dividend
increases and our stock repurchase program,” said J. Patrick Gallagher, Jr., chairman, president and CEO.
Arthur J. Gallagher & Co., an international insurance brokerage and
risk management services firm, headquartered in Itasca, Ill. and has
operations in seven countries and does business in 120 countries around theworld through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.
Topics Illinois A.J. Gallagher
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