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NEW YORK ( TheStreet) -- The ex-dividend date for Brown & Brown (NYSE: BRO) is Monday, May 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $25.71 as of 9:30 a.m. ET, the dividend yield is 1.3%. The average volume for Brown & Brown has been 703,200 shares per day over the past 30 days. Brown & Brown has a market cap of $3.6 billion and is part of the financial sector and insurance industry. Shares are up 7.4% year to date as of the close of trading on Thursday. Brown & Brown, Inc., together with its subsidiaries, operates as a diversified insurance agency, wholesale brokerage, insurance programs, and service organization in the United States. The company has a P/E ratio of 22.5, above the average insurance industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.