Brown & Brown, Inc. (NYSE:BRO – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Wednesday, November 4th will be paid a dividend of $0.18 per share by the financial services provider on Wednesday, November 11th. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 4th. This is a 9.1% increase from Brown & Brown’s previous quarterly dividend of $0.1650.
Brown & Brown has raised its dividend by an average of 0.1% annually over the last three years. Brown & Brown has a dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Brown & Brown to earn $4.90 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 13.5%.
Brown & Brown Stock Up 5.5%
NYSE:BRO opened at $74.40 on Friday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.58. Brown & Brown has a twelve month low of $53.81 and a twelve month high of $90.46. The company has a market cap of $24.89 billion, a PE ratio of 23.47, a P/E/G ratio of 2.20 and a beta of 0.60. The company’s 50 day moving average is $67.20 and its two-hundred day moving average is $65.08.
Brown & Brown (NYSE:BRO – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.01). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Brown & Brown had a return on equity of 13.17% and a net margin of 17.75%. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. Analysts anticipate that Brown & Brown will post 4.49 EPS for the current year.
Brown & Brown Company Profile
Brown & Brown, Inc is an insurance brokerage and risk management company headquartered in Daytona Beach, Florida. The company helps businesses, public entities, individuals and other organizations identify, manage and transfer risk by arranging insurance coverage and providing related advisory services.
Its operations include retail insurance brokerage, national programs, wholesale brokerage and services. Brown & Brown offers property and casualty insurance, employee benefits, personal insurance, surety and other specialized coverage.
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