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NEW YORK ( TheStreet) -- The ex-dividend date for Brown & Brown (NYSE: BRO) is Monday, August 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $20.43 as of 10:03 a.m. ET, the dividend yield is 1.5%. The average volume for Brown & Brown has been 890,700 shares per day over the past 30 days. Brown & Brown has a market cap of $3.1 billion and is part of the financial sector and insurance industry. Shares are down 12.8% 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 19.5, above the average insurance industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.