Gallagher quarterly dividend up 3 percent

ITASCA — Arthur J. Gallagher & Co. declared a 34 cent per share quarterly cash dividend on the company’s common stock, a three percent increase over the prior quarter’s dividend.

The dividend will be payable on April 13 to stockholders of record as of March 30, the company said in a release.

“We are pleased to announce this increase in our dividend. Our Board’s decision reflects their confidence in the company’s financial strength and earnings potential,” said J. Patrick Gallagher, Jr., Chairman, President and CEO.