B&B Announces Dividend And Promotions
NU Online News Service, Jan 24, 10:39 a.m. EST?Daytona Beach, Fla.-based insurance broker, Brown & Brown Inc. has announced a quarterly cash dividend of 4.75 cents per share, after taking into account a previous two-for-one-stock split.
The firm said yesterday the dividend would be payable on Feb. 20, to shareholders of record on Feb. 6.
Last week, Brown & Brown reported a 64 percent increase in net income for 2001 compared to 2000.
Net income rose from $32.8 million last year to $54 million in 2001. The price per diluted share rose 32 cents, from 53 cents in 2000 to 85 cents for 2001.
Total revenues were up 38 percent, from $265 million in 2000 to $365 million in 2001.
The firm also announced it had named five persons to regional executive vice president positions. They are: C. Roy Bridges, of Tampa, Fla.; Linda S. Downs, of Orlando, Fla.; Kenneth D. Kirk, of Phoenix, Ariz.; J. Scott Penny, of Indianapolis, Ind.; and Thomas E. Riley, of Ft. Lauderdale, Fla.
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