Insurance broker Brown & Brown, Inc. (BRO) will raise its quarterly dividend by 6.3 percent to $0.085 per share in 2019.
This follows a 6.7 percent dividend hike by the insurer last year.
The dividend is payable on November 20, 2019 to shareholders of record on November 8, 2019. The new annual dividend rate of 34 cents per share yields 0.9% at a stock price of $36.
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.