Brown & Brown Boosts Quarterly Cash Dividend Rate By 13% From $0.1150 To $0.13 Per Share
Portfolio Pulse from Benzinga Newsdesk
Brown & Brown has increased its quarterly cash dividend rate by 13% from $0.1150 to $0.13 per share. The dividend will be payable on November 15, 2023, to shareholders of record on November 1, 2023.
October 18, 2023 | 9:01 pm
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Brown & Brown's decision to increase its quarterly cash dividend rate by 13% could be seen as a positive signal by investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's strong financial health. This could attract more investors to the stock, potentially driving up the price in the short term.
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