Brown & Brown, Inc. (NYSE: BRO) — the Florida–based parent of Brown & Brown of New York, Inc., which has an office in Syracuse — recently announced it will pay a regular quarterly cash dividend of 15 cents per share for the first quarter of 2025. The payment is payable on Feb. 12, to shareholders […]
Brown & Brown, Inc. (NYSE: BRO) — the Florida–based parent of Brown & Brown of New York, Inc., which has an office in Syracuse — recently announced it will pay a regular quarterly cash dividend of 15 cents per share for the first quarter of 2025.
The payment is payable on Feb. 12, to shareholders of record on Feb. 5, the insurance-brokerage firm announced on Jan. 22.
The dividend is the same amount that Brown & Brown paid in the fourth quarter, when it boosted the quarterly payment by 15 percent from the 13 cents a share that it paid in the third quarter. That marked the company’s 31st straight annual dividend increase.
Daytona Beach–headquartered Brown & Brown, through its subsidiaries, offers a broad range of insurance products and risk-management services. It has about 17,000 employees and more than 500 offices worldwide. The insurance-brokerage firm makes frequent acquisitions of insurance agencies a major part of its growth strategy. Its stock price has gained about 80 percent in the last two years and 150 percent over the past five years, as of Jan. 24, according to Yahoo Finance data.
Brown & Brown of New York has an office at 500 Plum St. in Syracuse’s Franklin Square area.
