Brown & Brown, Inc. (NYSE:BRO) to Issue $0.17 Quarterly Dividend

Brown & Brown, Inc. (NYSE:BRO) declared a quarterly dividend on Monday, April 27th. Stockholders of record on Monday, May 11th will be given a dividend of 0.165 per share by the financial services provider on Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, May 11th.

Brown & Brown has increased its dividend payment by an average of 0.1%per year over the last three years. Brown & Brown has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brown & Brown to earn $4.98 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 13.3%.

Brown & Brown Stock Up 0.4%

BRO opened at $66.18 on Tuesday. Brown & Brown has a twelve month low of $63.29 and a twelve month high of $115.45. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.80 and a beta of 0.83. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $68.06 and a 200-day moving average price of $75.61.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, April 27th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03. Brown & Brown had a net margin of 17.84% and a return on equity of 12.93%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The firm’s revenue was up 35.4% on a year-over-year basis. Equities research analysts forecast that Brown & Brown will post 4.54 earnings per share for the current year.

About Brown & Brown

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.