B&B Declares Dividend
NU Online News Service, July 24, 4:11 p.m. EST?Insurance broker Brown & Brown, Inc. announced that its board of directors has declared a quarterly cash dividend of 4.75 cents per share. The dividend is to be paid on Aug. 21to shareholders of record as of Aug. 7.
In its second quarter report this year, the Daytona Beach, Fla.?based firm reported a 72 percent increase in its net income compared to the same three-month period last year ending June 30.
For the period, net income rose $9 million to $21.4 million compared to $12.4 million for the same period in 2001. Earnings per share rose 11 cents, going from 20 cents per-share for the second quarter of 2001 to 31 cents per-share for 2002.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.