This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Dividend Stocks Ready to Pay You More Cash

Brown & Brown

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Insurance broker Brown & Brown (BRO - Get Report) may get lumped with the rest of the insurance industry, but the firm couldn't be more different. At its core, Brown is a sales business, focused on selling insurance policies that are underwritten by other firms that take the balance sheet risks.

While this business generates less income than a traditional insurance model, investors shouldn't eschew BRO or its 8.5-cent quarterly dividend payout. With strong growth this year, the firm looks like a prime candidate for a hike to its 1.3% yield.

>>12 Dividend Growth Stocks to Buy Now

Brown & Brown is an insurance agency that focuses on small and middle-market customers, groups that most appreciate BRO's service-oriented approach to insurance. While larger client firms with more external expertise may be willing to take a more hands-off (and cheaper) brokerage alternative, small and medium sized clients want more guidance. That leads to sticky customer relationships for Brown, and it's helped to make the firm one of the most profitable insurance brokers in the country.

Brown has been a big proponent of a growth-by-acquisition strategy. While that strategy failed to boost the firm's top line in the last few years, numbers are increasing again this year. That should help to calm any investors who were worried about the trajectory of Brown & Brown's income statement.

With a healthy balance sheet in tow, BRO is positioned to pass a bigger chunk of cash onto investors in the form of dividends.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AFL $63.54 0.06%
BRO $32.76 0.65%
CHRW $73.02 -0.16%
HOT $85.27 0.58%
WCN $47.96 0.42%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs