Brown & Brown, Inc. (NYSE:BRO - Get Free Report) declared a quarterly dividend on Monday, April 27th. Shareholders of record on Monday, May 11th will be paid a dividend of 0.165 per share by the financial services provider on Wednesday, May 20th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, May 11th.
Brown & Brown has increased its dividend payment by an average of 0.1%per year over the last three years. Brown & Brown has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Brown & Brown to earn $4.98 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 13.3%.
Brown & Brown Price Performance
Shares of BRO stock opened at $66.18 on Tuesday. The firm has a market cap of $22.53 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.80 and a beta of 0.83. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. Brown & Brown has a 1-year low of $63.29 and a 1-year high of $115.45. The firm has a fifty day moving average of $68.06 and a two-hundred day moving average of $75.61.
Brown & Brown (NYSE:BRO - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.03. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.92 billion. Brown & Brown had a net margin of 17.84% and a return on equity of 12.93%. The firm's revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period last year, the business earned $1.29 EPS. As a group, research analysts anticipate that Brown & Brown will post 4.54 earnings per share for the current fiscal year.
Key Stories Impacting Brown & Brown
Here are the key news stories impacting Brown & Brown this week:
Brown & Brown Company Profile
(
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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.
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