Brown & Brown (BRO) will raise its quarterly dividend by 10.0 percent to $0.11 per share in the fourth quarter of 2014. This marks the company's 21nd consecutive year of dividend increases and follows a one cent dividend hike to 9 cents per share in Q4 of 2013.
The increased dividend is payable on November 12, 2014 to shareholders of record on October 31, 2014. The ex-date for this next dividend of 11 cents per share is October 29, 2014.
Brown & Brown, Inc. is an insurance brokerage firm, providing risk management solutions to individuals and businesses. The company markets and sells insurance products and services, in the property, casualty and employee benefits areas. BRO operates through four segments: Retail, National Programs, Wholesale Brokerage and Services.