Brown & Brown, Inc. Announces 8.8% Increase in Quarterly Cash Dividend Rate

Rhea-AI Summary

Brown & Brown, Inc. (NYSE:BRO) has declared a quarterly cash dividend of $0.0925 per share, marking an 8.8% increase from the previous $0.085 per share. This dividend is payable on November 18, 2020, to shareholders of record as of November 4, 2020. This announcement represents the twenty-seventh consecutive annual dividend increase for the company, highlighting its commitment to returning value to shareholders.

Positive

• Quarterly cash dividend increased by 8.8% to $0.0925 per share.
• Twenty-seventh consecutive annual dividend increase, reflecting company growth.

Negative

• None.

News Market Reaction – BRO

+0.30%

+0.30% Session move

In the trading session that priced this news, BRO gained 0.30%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DAYTONA BEACH, Fla., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.0925 per share. The dividend is payable on November 18, 2020 to shareholders of record on November 4, 2020. The dividend represents an 8.8% increase from the previous regular quarterly cash dividend of $0.085 per share and is the twenty-seventh consecutive annual dividend increase for the Company.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With more than 80 years of proven success and thousands of teammates, we offer knowledge you can trust and strive to deliver superior customer service. For more information, please visit bbinsurance.com.

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