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Brown & Brown (NYSE: BRO ) is ensuring that its dividends continue to flow. The company has declared a fresh quarterly dividend of $0.09 per share, to be disbursed on August 14 to shareholders of record as of August 7. That amount matches each of the firm's three previous distributions, the most recent of which was paid in May. Prior to that, Brown & Brown handed out half a cent less, at $0.085.
The company is generally a reliable dividend payer. Since the beginning of 2006, its distribution has climbed steadily -- albeit modestly -- from $0.05 per share to the present level.
The just-declared dividend annualizes to $0.36 per share. That yields 1.1% at Brown & Brown's most recent closing stock price of $33.65.