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ARTHUR J. GALLAGHER & CO. DECLARES 13-PERCENT INCREASE IN QUARTERLY DIVIDEND; QUARTERLY PAYMENTS UP FROM 16 CENTS TO 18 CENTS PER SHARE

 ITASCA, Ill., Feb. 25 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today declared an increased quarterly cash dividend of 18 cents ($0.18) per share on the common stock of the company, payable on April 15, 1993, to shareholders of record as of March 31, 1993.
 Robert E. Gallagher, chairman and chief executive officer, stated that the regular quarterly dividend of 16 cents ($0.16) per share was increased by board action to 18 cents ($0.18) per share, a 13-percent increase, for a new annual indicated rate of 72 cents ($0.72) per share.
 Mr. Gallagher was pleased to note that this dividend increase follows the strong earnings and per share results reported in 1992. He emphasized the company's continuing confidence in the future growth of its risk management products and services.
 Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca and has 134 offices in three countries. Gallagher is traded on the New York Stock Exchange under the symbol AJG.
 -0- 2/25/93
 /CONTACT: Michael J. Cloherty, vice president - finance of Arthur J. Gallagher & Co., 708-773-3800/
 (AJG)


CO: Arthur J. Gallagher & Co. ST: Illinois IN: INS SU: DIV

DH -- DE025 -- 0505 02/25/93 15:33 EST
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Publication:PR Newswire
Date:Feb 25, 1993
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