Brown & Brown Dividend Increase

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On Oct. 23, 2024, Brown & Brown, Inc. (BRO) increased its quarterly dividend by 15.38%, from 13 cents to 15 cents per share. The dividend will be paid on Nov. 13, 2024 to shareholders of record on Nov. 6. The ex-dividend date is also Nov. 6.

The stock's contribution to my portfolio's projected annual dividend income will increase by $22.40 to $168.00.

I own 280 shares of BRO at an average cost basis of $83.97 per share. Following this increase, my yield on cost is 0.71%. (Brown & Brown's forward yield is 0.58% at $103.98 per share).

Since I opened my position in Brown & Brown in April 2024, the stock has produced total returns of 24%, including $62.40 in dividend income.