Brown & Brown, Inc.
BRO32 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
0.93%
Annual Dividend
$0.65
Payout Ratio
21%
5-Yr Growth
12.1%
Ex-Date
May 11, 2026
Frequency
Quarterly
Summary
As of July 2026, Brown & Brown, Inc. (BRO) yields 0.93% ($0.65 per share annually), with a blended fair-value estimate of $59.67 — -14% downside, so it screens as fairly valued. Dividend safety grade: A (94/100). 32 years of dividend growth.
Is BRO a good dividend stock?
YesBrown & Brown, Inc. (BRO) pays a quarterly dividend yielding 0.93% ($0.65/yr), with 32 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 32 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (21%)
- Strong 12.1% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.93%
- Payout Ratio
- 21%
- Annual Dividend
- $0.65
- 5-Yr Avg Growth
- 12.1%
- Ex-Dividend Date
- May 11, 2026
- Years of Growth
- 32
- Frequency
- quarterly
- Beta
- 0.60
- Market Cap
- $23.4B
- P/E Ratio
- 22.6
- 5-Yr Total Return
- 19%
- 52-Week Range
- $53.81 – $104.25
- Dividend Safety
- A · 94/100
- Ever Cut?
- No
Frequently Asked Questions
BRO Price — Last 12 Months
Daily close
Price Return
1 Year
-28%
3 Years
-6%
5 Years
+19%
52-Week Range
$53.81 – $104.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BRO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Brown & Brown, Inc. is $59.67 per share, versus a market price of $69.35. That implies the stock is roughly fairly priced.
Fair Value
$59.67
Current Price
$69.35
Gap
-14%
Margin of Safety
-16%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 7.8% annual free-cash-flow growth. We model 5.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.3% discount rate (CAPM), 5.7% stage-1 growth, 2.5% terminal growth, $3.07 EPS, $0.65 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BRO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 11, 2026 | — | $0.1650 | regular |
| Feb 4, 2026 | — | $0.1650 | regular |
| Nov 5, 2025 | — | $0.1650 | regular |
| Aug 13, 2025 | — | $0.1500 | regular |
| May 12, 2025 | — | $0.1500 | regular |
| Feb 5, 2025 | — | $0.1500 | regular |
| Nov 6, 2024 | — | $0.1500 | regular |
| Aug 7, 2024 | — | $0.1300 | regular |
| May 3, 2024 | — | $0.1300 | regular |
| Feb 1, 2024 | — | $0.1300 | regular |
| Oct 31, 2023 | — | $0.1300 | regular |
| Aug 8, 2023 | — | $0.1150 | regular |
| May 5, 2023 | — | $0.1150 | regular |
| Feb 2, 2023 | — | $0.1150 | regular |
Income Calculator
At $0.65 / yr per share
