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Brown & Brown Insurance to pay dividend of 8 cents in mid-August

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 8 cents a share. 

The dividend is payable on Aug. 14 to shareholders of record on Aug. 7, 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, which makes a lot of acquisitions of insurance agencies, generated revenue of $1.19 billion in the first six months of 2019, up almost 23 percent from the same period of 2018.

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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