Brown & Brown (BRO) Declares $0.135 Quarterly Dividend; 1.3% Yield

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Go back to Brown & Brown (BRO) Declares $0.135 Quarterly Dividend; 1.3% Yield

Brown & Brown, Inc. Announces Quarterly Revenues of $465.1 Million, an Increase of 9.6%; Earnings Per Share of $0.49, an Increase of 11.4%; and a Quarterly Dividend of $0.1350 Per Share

April 17, 2017 5:55 PM EDT

DAYTONA BEACH, Fla., April 17, 2017 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2017. 

Revenues for the first quarter of 2017 under U.S. generally accepted accounting principles (GAAP) were $465.1 million, increasing $40.9 million, or 9.6%, as compared to the first quarter of the prior year, with Commissions and fees increasing by 5.3% and Organic Revenue (as defined below) increasing by 3.5%. Net income was $70.1 million, increasing $8.0 million, or 12.9%, and diluted earnings per share were $0.49, increasing by 11.4%, as compared to the first quarter... More