Brown & Brown Insurance to pay Q1 dividend in mid-February

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 for the first quarter.

The dividend is payable on Feb. 16 to shareholders of record on Feb. 4, the insurance agency said in a news release. 

The dividend amount is the same that Brown & Brown paid in the fourth quarter, when the company boosted its dividend by almost 11 percent from its prior regular quarterly cash dividend of 9.25 cents a share. That was the 28th consecutive annual dividend increase for the company.

Daytona Beach–based Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. It has more than 11,000 employees and over 300 offices across the U.S. and select global markets. 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.