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Brown & Brown Insurance boosts quarterly dividend by nearly 9 percent

By Journal Staff


Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 9.25 cents a share. 

The dividend is payable on Nov. 18 to shareholders of record on Nov. 4, the insurance agency said in a news release. The dividend represents an 8.8-percent increase from Brown & Brown’s prior regular quarterly cash dividend of 8.5 cents per share. It is the 27th consecutive annual dividend increase for the company.

Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. The firm, which makes many acquisitions of insurance agencies, generated revenue of nearly $1.3 billion in the first six months of 2020, up nearly 9 percent from the same period in 2019.

Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has offices in Vestal, Rome, and Clifton Park, according to the firm’s website.

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