Brown-Forman (BF-A) Declares $0.158 Quarterly Dividend; 0.9% Yield

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Brown-Forman Announces a Series of Beneficial Stakeholder Actions

January 23, 2018 5:35 PM EST

Includes Stock Split and Special Dividend

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman (NYSE: BFA) (NYSE: BFB) announced today that its Board of Directors has approved a number of capital deployment actions aimed at benefiting shareholders, employees, and the community. These actions include a stock split and a special dividend, as well as additional funding of the companys defined benefit program and the creation of a charitable foundation.

Paul Varga, Chief Executive Officer of Brown-Forman, said, "These capital deployment actions... More