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

NEW YORK ( TheStreet) -- The ex-dividend date for Brown & Brown (NYSE: BRO) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $27 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Brown & Brown has been 954,100 shares per day over the past 30 days. Brown & Brown has a market cap of $3.9 billion and is part of the financial sector and insurance industry. Shares are up 20.3% year to date as of the close of trading on Monday.

Brown & Brown, Inc., a diversified insurance agency, engages in the marketing and sale of insurance products and services in the United States. Its Retail division provides insurance products and services to commercial, public and quasi-public entity, professional, and individual customers. The company has a P/E ratio of 23.3, below the average insurance industry P/E ratio of 23.7 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, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Brown & Brown Ratings Report.

See our dividend calendar or top-yielding stocks list.

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