NU Online News Service, April 14, 3:48 p.m. EDT
Brown & Brown Inc. insurance brokerage said it will pay a regular quarterly cash dividend of 7.75 cents per share payable on May 19 to shareholders of record as of May 5.
In February, the Daytona Beach, Fla.-based firm reported fourth-quarter net income dropped $9.7 million to close to $24 million. Net income per share dropped from 24 cents a share in 2008 to 17 cents a share. Revenues dropped 8 percent, or $18 million, to $214 million.
For the year, net income was down 8 percent, or $13 million, to $153 million. Net income per share stood at $1.08, down from $1.17 from the same period in 2008. Revenues dropped 1 percent, or close to $10 million, to $968 million.
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