DAYTONA BEACH, FL and TAMPA, FL, Oct 21, 2009 (MARKETWIRE via COMTEX) -- Brown & Brown, Inc. (NYSE: BRO) 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
SOURCE: Brown & Brown, Inc.