Aon Corp. insurance brokerage announced it would pay a quarterly dividend of 15 cents per common share payable Aug. 15 to holders of record as of Aug. 2.

For the first quarter, Chicago-based Aon reported net income increased $30 million, or 18 percent, going from $170 million, or 51 cents a share, to $200 million, or 59 cents a share. Revenues in the quarter dropped 2 percent, or $53 million, going from $2.56 billion to $2.51 billion.

Despite a loss in revenues from contingent commissions in its insurance brokerage division, the company posted an increase in its consulting and underwriting business. The company also credited cost controls for its performance.

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