Brown & Brown Insurance to pay first-quarter dividend on Feb. 15

Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced it will pay a regular quarterly cash dividend of 11.5 cents a share for the first quarter.

The payment is payable on Feb. 15, to shareholders of record on Feb. 3, the insurance-brokerage firm announced on Jan. 18.

The dividend is the same amount that Brown & Brown paid in the fourth quarter, when it hiked the quarterly payment by 12.2 percent from the 10.25 cents a share that it paid in the third quarter.

Daytona Beach–headquartered Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. It has more than 14,500 employees and over 450 offices worldwide. The insurance-brokerage firm makes frequent acquisitions of insurance agencies a key 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.