5 Most Reliable Dividend Stocks To Buy

2. Brown & Brown, Inc. (NYSE:BRO)

Payout Ratio in 2023: 15.5%

Brown & Brown, Inc. (NYSE:BRO) is an insurance brokerage firm that provides a wide range of insurance products and services to individuals and businesses across various industries. In 2023, the company achieved its 30th consecutive year of dividend growth, which places it as one of the best dividend stocks on our list. It pays a quarterly dividend of $0.13 per share and has a dividend yield of 0.61%, as of March 11.

Brown & Brown, Inc. (NYSE:BRO) was a popular stock among elite funds in Q4 2023 as 32 hedge funds in Insider Monkey’s database held stakes in the company, growing from 23 a quarter earlier. These stakes are valued at over $1.43 billion in total. With over 14.3 million shares, Select Equity Group was the company’s leading stakeholder in Q4.

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