Arthur J Gallagher's latest quarterly dividend was on Feb 29, 2024 (ex-date) with a payout of $0.6 per share. On an annualized basis, the company has a current payout of $2.25 per share. This brings the dividend yield to 0.97% based on its recent close price. The latest dividend has increased by $0.05, or 9% from the prior distribution.
AJG has a dividend yield of 0.97% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.54%, Arthur J Gallagher's dividend yield is 73% lower. The historical 5-year average of AJG's dividend yield is 1.4%, which is above the current yield.
Arthur J Gallagher has been paying dividends since 1994. AJG has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 8% since twelve months ago. But with the price of the stock up by 16% from a year ago, the dividend yield has a decrease of 7%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 29, 2024 | Mar 15, 2024 | Jan 24, 2024 | $0.6 | normal |
| Nov 30, 2023 | Dec 15, 2023 | Oct 25, 2023 | $0.55 | normal |
| Aug 31, 2023 | Sep 15, 2023 | Jul 26, 2023 | $0.55 | normal |
| Jun 1, 2023 | Jun 16, 2023 | Apr 26, 2023 | $0.55 | normal |
| Mar 2, 2023 | Mar 17, 2023 | Jan 25, 2023 | $0.55 | normal |
| Dec 1, 2022 | Dec 16, 2022 | Oct 26, 2022 | $0.51 | normal |
| Sep 1, 2022 | Sep 16, 2022 | Jul 27, 2022 | $0.51 | normal |
| Jun 2, 2022 | Jun 17, 2022 | Apr 27, 2022 | $0.51 | normal |
| Mar 3, 2022 | Mar 18, 2022 | Jan 26, 2022 | $0.51 | normal |
| Dec 2, 2021 | Dec 17, 2021 | Oct 27, 2021 | $0.48 | normal |
| Sep 2, 2021 | Sep 17, 2021 | Jul 28, 2021 | $0.48 | normal |
| Jun 3, 2021 | Jun 18, 2021 | Apr 28, 2021 | $0.48 | normal |
| Mar 4, 2021 | Mar 19, 2021 | Jan 27, 2021 | $0.48 | normal |
| Dec 3, 2020 | Dec 18, 2020 | Oct 28, 2020 | $0.45 | normal |
| Sep 3, 2020 | Sep 18, 2020 | Jul 29, 2020 | $0.45 | normal |
| Jun 4, 2020 | Jun 19, 2020 | Apr 29, 2020 | $0.45 | normal |
| Mar 5, 2020 | Mar 20, 2020 | Jan 29, 2020 | $0.45 | normal |
| Dec 5, 2019 | Dec 20, 2019 | Oct 23, 2019 | $0.43 | normal |
| Sep 5, 2019 | Sep 20, 2019 | Jul 24, 2019 | $0.43 | normal |
| Jun 6, 2019 | Jun 21, 2019 | Apr 24, 2019 | $0.43 | normal |
| Feb 28, 2019 | Mar 15, 2019 | Jan 30, 2019 | $0.43 | normal |
| Dec 6, 2018 | Dec 21, 2018 | Oct 24, 2018 | $0.41 | normal |
| Sep 6, 2018 | Sep 21, 2018 | Jul 24, 2018 | $0.41 | normal |
| May 31, 2018 | Jun 15, 2018 | Apr 25, 2018 | $0.41 | normal |
| Mar 1, 2018 | Mar 16, 2018 | Jan 24, 2018 | $0.41 | normal |
| Nov 30, 2017 | Dec 15, 2017 | Oct 25, 2017 | $0.39 | normal |
| Aug 30, 2017 | Sep 15, 2017 | Jul 26, 2017 | $0.39 | normal |
| May 31, 2017 | Jun 16, 2017 | Apr 26, 2017 | $0.39 | normal |
| Mar 1, 2017 | Mar 17, 2017 | Jan 25, 2017 | $0.39 | normal |
| Nov 30, 2016 | Dec 16, 2016 | Oct 27, 2016 | $0.38 | normal |
| Aug 31, 2016 | Sep 16, 2016 | Jul 27, 2016 | $0.38 | normal |
| Jun 1, 2016 | Jun 17, 2016 | Apr 27, 2016 | $0.38 | normal |
| Mar 2, 2016 | Mar 18, 2016 | $0.38 | normal | |
| Dec 2, 2015 | Dec 18, 2015 | Oct 22, 2015 | $0.37 | normal |
| Sep 2, 2015 | Sep 18, 2015 | Jul 23, 2015 | $0.37 | normal |
AJG has a payout ratio of 49.9% which is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 39.4%, Arthur J Gallagher's payout ratio is 27% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MMC Marsh & Mclennan Companies Inc | 1.44% | $2.84 | 37.4% |
| AJG Arthur J Gallagher & Co | 0.97% | $2.25 | 49.9% |
| AON Aon plc | 0.81% | $2.46 | 19.5% |
Yes, Arthur J Gallagher has been paying dividends for the last 30 years.
At this point we don't have a record of AJG's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.
Arthur J Gallagher's last dividend ex-date was on Feb 29, 2024. The dividend amount was $0.6 per share.
On an annual basis AJG pays $2.25 per share.
The current dividend yield of Arthur J Gallagher is 0.97%.
Arthur J Gallagher has a quarterly dividend frequency.
The dividend payout ratio of Arthur J Gallagher is 49.9%.
Arthur J Gallagher's dividend yield is below the Financial Services sector average.