As per Brown & Brown, Inc. (NYSE:BRO)’s news release on 2016-07-15, its shareholders will get cash dividend of $0.123 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-09 and 2016-08-17, respectively.
The stock will commence trading ex-dividend from 2016-08-05, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Brown & Brown, Inc. (NYSE:BRO) disbursed $0.123 in dividend compared to distribution of $0.123, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 10.3659%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Brown & Brown, Inc. (NYSE:BRO) to attain a price target of $36.428. It is an average estimate figure given by 7 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $41. The low price range is set at $31 for next year while the arithmetic mean is seen at 2.85.
Eyeing Earnings Brown & Brown, Inc. (NYSE:BRO) is likely to post quarterly numbers around 2016-10-17 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.49 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Brown & Brown, Inc. (NYSE:BRO) earnings came at $0.49 suggesting a deviation of $0.05. The brokerages targeted EPS of $0.44 for the quarter.
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