On 23 October, Brown & Brown (BRO) increased its quarterly dividend by 15.38%, from 13¢ to 15¢ per share.
The dividend will be paid on 13 November to shareholders of record on 6 November. The ex-dividend date is 6 November.
BRO's contribution to DivGro's projected annual dividend income will increase by $22.40 to $168.00.
I own 280 shares of BRO at an average cost basis of $83.97 per share. Following this increase, my yield on cost is 0.71%. (BRO's forward yield is 0.58% at $103.98 per share).
Since I opened my BRO position in April 2024, the stock has produced total returns of 24%, including $62.40 in dividend income.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $0.3250 | $0.3475 | $0.3800 | $0.4225 | $0.4750 | ⬆ | $0.5400✝ |
| 6.56% | 6.92% | 9.35% | 11.18% | 12.43% | ⬆ | 13.68% |
| 5-year DGR: | 9.26% | ⬆ | 10.69% | |||
✝projected, assuming no further changes
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