Today Arthur J. Gallagher (AJG) announced it was increasing the company's quarterly dividend by one cent per share or 3.2%. The new quarterly dividend will equal 32 cents per share versus 31 cents per share in the same period last year. The payout ratio is approximately 80% based on estimated 2008 earnings per share of $1.61. The company carries an S&P Quality Ranking of A.
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