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Brown & Brown Insurance to pay dividend in mid-August

By Journal Staff

Date:

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 7.5 cents per share. 

The dividend is payable on Aug. 15 to shareholders of record on Aug. 8, the insurance agency said in a news release.

Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. The firm generated revenue of $501.5 million during the first quarter of 2018, nearly 8 percent higher than the $465 million generated in the year-earlier quarter.

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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