Categories: Banks & Credit UnionsInsurance & Financial ServicesLaw, Accounting & TaxesSubscriber Only

Brown & Brown Insurance boosts quarterly dividend by nearly 9 percent

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 9.25 cents a share. The dividend is payable on Nov. 18 to shareholders of record on Nov. 4, the insurance agency said in a news […]

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The dividend is payable on Nov. 18 to shareholders of record on Nov. 4, the insurance agency said in a news release. The dividend represents an 8.8-percent increase from Brown & Brown’s prior regular quarterly cash dividend of 8.5 cents per share. It is the 27th consecutive annual dividend increase for the company.

Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. The firm, which makes many acquisitions of insurance agencies, generated revenue of nearly $1.3 billion in the first six months of 2020, up nearly 9 percent from the same period in 2019.

Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has offices in Vestal, Rome, and Clifton Park, according to the firm’s website.

Journal Staff