DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - 10/21/09) - Brown & Brown, Inc. (NYSE:BRO - News) 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.
Contact:
Cory T. Walker
Chief Financial Officer
(386) 239-7250
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Marketwire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.