Brown & Brown, Inc. announced a regular quarterly cash dividend of 8 cents per share. The dividend is payable Aug. 17 to Aug. 3 shareholders of record.
On Tuesday, the Daytona Beach, Fla.-based insurance broker reported net income in the second quarter of 2005 rose $4.9 million, going from $32.2 million, or 46 cents a share, to more than $37 million, or 53 cents a share. Revenues rose 24 percent, or $38 million, going from $158 million to $196 million.
For the six months of 2005, net income increased 17 percent, or $12 million, going from $69 million, 99 cents a share, to $80 million, or $1.15 a share. Revenues for the first half of the year rose 23 percent, or $75 million, going from $324 million to $398 million.
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