Arthur J. Gallagher & Co. (AJG) To Go Ex-Dividend on March 6th

Arthur J. Gallagher & Co. (NYSE:AJG) declared a quarterly dividend on Wednesday, January 28th. Shareholders 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) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend 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 increased its dividend by an average of 0.1%per year 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. 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 $2.80 annual dividend with an expected future payout ratio of 21.1%.

Arthur J. Gallagher & Co. Stock Down 1.6%

Shares of Arthur J. Gallagher & Co. stock opened at $225.51 on Wednesday. The company has a 50-day moving average of $241.87 and a 200 day moving average of $264.66. Arthur J. Gallagher & Co. has a 1 year low of $195.00 and a 1 year high of $351.23. The firm has a market cap of $57.98 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 1.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm posted $1.12 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 33.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

About Arthur J. Gallagher & Co.

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.