Brown & Brown Sets Quarterly Dividend

NU Online News Service, Jan. 22, 2:53 p.m. EST?Insurance broker Brown & Brown Inc. announced it would pay a regular quarterly cash dividend of $5.75 cents per share. The dividend will be paid on Feb. 19 to shareholders of record as of Feb. 5.

The Daytona Beach, Fla.-based firm reported earlier this month that net income for the year ending Dec. 31, 2002, rose $29 million from $54 million in 2001 to $83 million this year. Earnings per share for the period were up 37 cents, going from 85 cents per share to $1.22 for 2002.

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