Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, Ill., recently declared a regular quarterly cash dividend and announced the continuation of its stock repurchase plan.
Gallagher’s Board declared a regular quarterly cash dividend of $0.28 per share on the common stock of the company, payable on Oct.14, 2005 to shareholders of record as of Sept. 30, 2005.
Gallagher also announced the continuation of its stock repurchase plan, originally adopted on May 10, 1988, which authorizes the repurchase of up to 5,000,000 shares at such times and prices as the company may deem advantageous and in compliance with the SEC’s Rule 10b-18.
Douglas K. Howell, chief financial officer, noted, however, that there was no commitment or obligation on the part of the company to purchase any particular amount of common stock and that the plan could be suspended at any time at the company’s discretion.
On June 30, 2005, the company had 94.6 million shares of its common stock outstanding.
Topics A.J. Gallagher
Was this article valuable?
Here are more articles you may enjoy.
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves 
Regulator Objections Quantified: ZestyAI Says 44% of Filings Have at Least One 
Willis Re Jumpstarts US Expansion With Buy of BMS Re, US 
