Brown-Forman (BF-A) Raises Quarterly Dividend 8.2% to $0.1975; 1.3% Yield

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Go back to Brown-Forman (BF-A) Raises Quarterly Dividend 8.2% to $0.1975; 1.3% Yield

Brown-Forman Increases Cash Dividend 8.2%

November 16, 2017 2:04 PM EST

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman (NYSE: BFA)(NYSE: BFB) announced today that its Board of Directors increased its quarterly cash dividend on its Class A and Class B Common Stock by 8.2% to 19 3/4 cents per share from the prior quarters 18 1/4 cents per share. As a result, the indicated annual cash dividend will rise from $0.73 per share to $0.79 per share. Stockholders of record on December 7, 2017 will receive the cash dividend on January 2, 2018.

Paul Varga, Chief Executive Officer of Brown-Forman said, "Our 8.2% dividend increase for calendar year 2018 marks the 34th... More