The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
ITASCA, Ill., Jan. 23, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced that its Board of Directors declared a $0.36 per share quarterly cash dividend on the company's common stock, a $.01 increase over the prior quarter's dividend. The dividend will be payable on March 20, 2014 to stockholders of record as of March 4, 2014.
"Gallagher's businesses continue to generate strong operating cash flows that enable the company to invest in and execute our organic and acquisition growth strategy," said J. Patrick Gallagher, Jr., Chairman President and CEO. "The Board's decision to increase the dividend again this year reflects their confidence in our long-term growth prospects and the quality of our balance sheet, as well as their commitment to returning cash to our stockholders."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 24 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.