Arthur J. Gallagher hikes dividend by 7.8%

On January 25, 2023, Arthur J Gallagher & Co (AJG) declared a new quarterly dividend of $0.55 per share, up 7.8% from the previous quarter. This marks 13 consecutive years of dividend growth for AJG with an 5 year CAGR of 6.1% for the dividend. At a stock price of $194 the dividend yield is 1.1%. The next ex-dividend date for AJG is March 2, 2023. Last year AJG declared a dividend hike of 6.3%.

Arthur J. Gallagher & Co. plans, designs, and administers property/casualty insurance and risk management programs. The company also furnishes a broad range of risk management services including claims and information management, risk control consulting and appraisals to help corporations and institutions reduce their cost of risk. In addition, the company assists clients in all areas of their employee health/welfare and retirement plans, including plan design, funding and administration. Gallagher's initial public offering was on June 20, 1984.