Brown & Brown, Inc. Announces Sixteenth Consecutive Annual Increase in Its Quarterly Cash Dividend
DAYTONA BEACH, FL and TAMPA, FL -- (Marketwire) -- 10/21/09 -- Brown & Brown, Inc. (NYSE: BRO) today announced that the Board of Directors at its regularly scheduled
meeting on October 21, 2009, voted to increase the quarterly cash dividend
rate to $0.0775 per share, a 3.3% increase from the current rate of $0.075
per share, with the first payment at the new dividend rate to be made on
November 18, 2009, to shareholders of record on November 4, 2009. This is
the sixteenth consecutive year of dividend growth for the Company.
Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance
and reinsurance products and services, as well as risk management,
third-party administration, managed health care, and Medicare set-aside
services and programs. Providing service to business, public entity,
individual, trade and professional association clients nationwide, the
Company is ranked by Business Insurance magazine as the sixth largest
independent insurance intermediary in the United States. The Company's web
address is www.bbinsurance.com.
