Brown & Brown, Inc. announces 15% increase in quarterly cash dividend rate

Rhea-AI Summary

Brown & Brown (NYSE: BRO) announced a 15% increase in its regular quarterly cash dividend to $0.15 per share, up from the previous $0.13 per share. The dividend will be paid on November 13, 2024, to shareholders of record as of November 6, 2024. This marks the company's 31st consecutive annual dividend increase, demonstrating a consistent track record of growing shareholder returns.

Positive

• 15% increase in quarterly dividend from $0.13 to $0.15 per share
• 31 consecutive years of dividend increases showing financial stability
• Consistent track record of growing shareholder returns

Negative

• None.

News Market Reaction

-0.70%

1 alert

-0.70% News Effect

On the day this news was published, BRO declined 0.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DAYTONA BEACH, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) today announced that the board of directors has declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on November 13, 2024, to shareholders of record on November 6, 2024. The dividend represents a 15% increase from the previous regular quarterly cash dividend of $0.13 per share and is Brown & Brown’s 31st consecutive annual dividend increase.

About Brown & Brown, Inc.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 16,000 teammates and 500+ locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbinsurance.com.

For more information:

R. Andrew Watts
Chief Financial Officer
(386) 239-5770

FAQ

What is Brown & Brown's new quarterly dividend amount for 2024?

Brown & Brown's new quarterly dividend amount is $0.15 per share, representing a 15% increase from the previous $0.13 per share.

When will BRO's increased dividend be paid?

The increased dividend will be paid on November 13, 2024, to shareholders of record as of November 6, 2024.

How many consecutive years has Brown & Brown (BRO) increased its dividend?

Brown & Brown has increased its dividend for 31 consecutive years, maintaining a long-standing tradition of growing shareholder returns.

What is the percentage increase in Brown & Brown's quarterly dividend for 2024?

Brown & Brown announced a 15% increase in its quarterly dividend, raising it from $0.13 to $0.15 per share.