Brown & Brown, Inc. (NYSE:BRO) Declares Quarterly Dividend of $0.17

Brown & Brown, Inc. (NYSE:BRO) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 12th will be given a dividend of 0.165 per share by the financial services provider on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th.

Brown & Brown has raised its dividend by an average of 0.1%annually over the last three years. Brown & Brown has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Brown & Brown to earn $4.87 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 13.6%.

Brown & Brown Price Performance

BRO opened at $65.39 on Thursday. The firm has a market capitalization of $22.16 billion, a P/E ratio of 21.03, a PEG ratio of 3.08 and a beta of 0.60. The stock has a fifty day moving average of $61.85 and a 200-day moving average of $66.82. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. Brown & Brown has a 12-month low of $53.81 and a 12-month high of $104.25.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Brown & Brown had a return on equity of 12.94% and a net margin of 17.94%.Brown & Brown’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 earnings per share. Equities analysts forecast that Brown & Brown will post 4.5 EPS for the current fiscal year.

Brown & Brown Company Profile

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.