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

Arthur J. Gallagher & Co. (NYSE:AJG) announced a quarterly dividend on Wednesday, January 28th. Stockholders 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) annualized dividend and a dividend yield of 1.2%. The ex-dividend date 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 raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Arthur J. Gallagher & Co. has a payout ratio of 19.1% indicating that 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

Shares of Arthur J. Gallagher & Co. stock traded up $0.47 during midday trading on Thursday, reaching $242.84. The company had a trading volume of 896,968 shares, compared to its average volume of 1,952,060. The stock has a fifty day simple moving average of $253.23 and a 200 day simple moving average of $277.29. Arthur J. Gallagher & Co. has a 1-year low of $236.34 and a 1-year high of $351.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 30th. The financial services provider reported $2.32 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period last year, the business posted $2.26 earnings per share. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share 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.