Brown & Brown, Inc. (BRO) To Go Ex-Dividend on February 4th

Brown & Brown, Inc. (NYSE:BRO) announced a quarterly dividend on Wednesday, January 21st. Stockholders of record on Wednesday, February 4th will be paid a dividend of 0.165 per share by the financial services provider on Wednesday, February 11th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 4th.

Brown & Brown has raised its dividend by an average of 0.1%annually over the last three years. Brown & Brown has a payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Brown & Brown to earn $4.54 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 14.5%.

Brown & Brown Price Performance

Shares of Brown & Brown stock opened at $72.09 on Monday. The business’s 50 day simple moving average is $79.29 and its two-hundred day simple moving average is $87.15. The stock has a market capitalization of $24.61 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.79. Brown & Brown has a one year low of $71.32 and a one year high of $125.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.67 and a quick ratio of 2.10.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, January 26th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Brown & Brown had a return on equity of 12.93% and a net margin of 17.84%.The firm’s revenue was up 35.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. Analysts forecast that Brown & Brown will post 4.18 EPS for the current year.

Brown & Brown Company Profile

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.