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NEW YORK ( TheStreet) -- The ex-dividend date for Brown & Brown (NYSE: BRO) is Monday, October 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $22.67 as of 9:30 a.m. ET, the dividend yield is 1.5%. The average volume for Brown & Brown has been 1.5 million 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 4.7% year to date as of the close of trading on Thursday. Brown & Brown, Inc., a diversified insurance agency, markets and sells insurance products and services primarily in the United States. Its Retail segment provides insurance products and services to commercial, public and quasi-public entity, professional, and individual customers. The company has a P/E ratio of 20.3, above the average insurance industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7.