Insurance company Brown & Brown (BRO) will raise its dividend by 11.1 percent to $0.15 quarterly per share in the fourth quarter of 2017. The dividend is the twenty-fourth consecutive annual dividend increase for the company.
The next dividend is payable on November 8, 2017 to shareholders of record on October 27, 2017. The ex-date for the increased dividend of 15 cents is October 26, 2017.
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.