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.
Fool contributor Eric Volkman has no position in Brown & Brown. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.