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

Brown & Brown, Inc. (NYSE:BRO) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Wednesday, February 4th will be given a dividend of 0.165 per share by the financial services provider on Wednesday, February 11th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 4th.

Brown & Brown has increased its dividend by an average of 0.1%per year over the last three years. Brown & Brown has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Brown & Brown to earn $4.54 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 14.5%.

Brown & Brown Trading Down 1.3%

NYSE:BRO opened at $78.12 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 2.10. Brown & Brown has a one year low of $76.17 and a one year high of $125.68. The company has a market cap of $26.67 billion, a PE ratio of 23.39, a PEG ratio of 1.84 and a beta of 0.81. The firm has a 50-day moving average of $79.94 and a 200-day moving average of $88.84.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.15. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. Brown & Brown had a return on equity of 13.64% and a net margin of 18.23%.The company’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, equities research analysts expect that Brown & Brown will post 4.18 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.