Brown & Brown Stock To Go Ex-dividend Monday (BRO)

NEW YORK ( TheStreet) -- The ex-dividend date for Brown & Brown (NYSE: BRO) is Monday, January 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $23.08 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Brown & Brown has been 894,000 shares per day over the past 30 days. Brown & Brown has a market cap of $3.31 billion and is part of the financial sector and insurance industry. Shares are up 2.5% 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 21.1, above the average insurance industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Brown & Brown as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Brown & Brown Ratings Report.

See our dividend calendar or top-yielding stocks list.

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