Categories: Insurance & Financial ServicesRegional NewsSubscriber Only

Brown & Brown Insurance boosts quarterly dividend by nearly 11 percent

The building at 500 Plum St. in Syracuse, which Brown & Brown Empire State calls home. (PHOTO CREDIT: ZOEYADVERTISING.COM)

Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 10.25 cents a share. The dividend is payable on Nov. 17 to shareholders of record on Nov. 3, the insurance agency said in a news […]

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The dividend is payable on Nov. 17 to shareholders of record on Nov. 3, the insurance agency said in a news release. The dividend represents a 10.8-percent increase from Brown & Brown’s prior regular quarterly cash dividend of 9.25 cents per share. It is the 28th straight annual dividend increase for the company.

Daytona Beach–based Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. The firm makes many acquisitions of insurance agencies as a central part of its growth strategy.

Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has an office at 4104 Vestal Road in Vestal.

Jornal Staff