Brown & Brown Raises Quarterly Dividend to 18 Cents for 33rd Straight Year

Brown & Brown will pay an 18-cent quarterly dividend on Nov. 11, following a 1.5-cent increase that extends the insurance brokerage’s streak of annual dividend increases to 33 consecutive years.

The new rate is $0.18 per share, up from $0.165. That change works out to a 9.1% increase based on the two rates.

The board declared the dividend Oct. 21. Shareholders must be on record Nov. 4 to qualify for the payment.