Passive Income Tip: The 85-Year-Old Dividend Aristocrat You've Never Heard Of

"It may be tempting to obsess over the hottest and newest stocks on the market. Yet, sometimes the best wealth-building strategies involve "legacy" (i.e., old) companies that proudly return capital to their shareholders. Indeed, there's a publicly traded business that's been around longer than most of us have been alive, and it's been identified as a dividend aristocrat. As we'll discuss in a moment, that's a specific designation which doesn't apply to every dividend-paying firm."

"On its "About Us" page as well as a news release page, Brown & Brown ( NYSE:BRO) proudly displays a picture of a large sign in the company's office. That sign says in all-caps, "A FOREVER COMPANY." It hasn't exactly been around forever, but Brown & Brown is older than many other firms as it was founded back in 1939. Thus, the company has a history that exceeds 85 years, which is an achievement in and of itself."

Brown & Brown was founded in 1939 and has operated for more than 85 years. The company brands itself as "A FOREVER COMPANY" and emphasizes longevity and returning capital to shareholders. Brown & Brown operates as an insurance broker with over 700 locations across 19 countries. The firm has been identified as a dividend aristocrat, reflecting a sustained history of dividend growth that excludes many dividend payers. Brown & Brown highlights consistent dividend distributions, financial growth, and stakeholder loyalty while positioning itself as a large organization that maintains a small-company culture rather than an AI-obsessed insurer.

Read at 24/7 Wall St.