Brown-Forman Declares Cash Dividend

Rhea-AI Summary

Brown-Forman (NYSE: BFA, BFB) announced a regular quarterly cash dividend of $0.2178 per share for its Class A and Class B Common Stock.

This dividend will be payable on July 1, 2024, to stockholders of record on June 7, 2024. Brown-Forman, a member of the S&P 500 Dividend Aristocrats index, has a history of paying regular quarterly cash dividends for 80 years and increasing them for 40 consecutive years. The company manages renowned alcohol brands like Jack Daniel's and Woodford Reserve, supports around 5,600 employees globally, and operates in over 170 countries.

Positive

• Regular quarterly cash dividend of $0.2178 per share declared.
• Dividend payable on July 1, 2024.
• Stockholders of record on June 7, 2024, will receive the dividend.
• 80 years of regular quarterly cash dividends.
• 40 consecutive years of increasing cash dividends.
• Member of the prestigious S&P 500 Dividend Aristocrats index.
• Global operations in more than 170 countries.
• Support provided by approximately 5,600 employees.
• Manages top-tier alcohol brands such as Jack Daniel's and Woodford Reserve.

Negative

• None.

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA, BFB) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2178 per share on its Class A and Class B Common Stock. The dividend is payable on July 1, 2024, to stockholders of record on June 7, 2024.

Brown-Forman, a member of the prestigious S&P 500 Dividend Aristocrats index, has paid regular quarterly cash dividends for 80 years and has increased the cash dividend for 40 consecutive years.

For more than 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel's Ready-to-Drinks, Jack Daniel's Tennessee Honey, Jack Daniel's Tennessee Fire, Jack Daniel's Tennessee Apple, Gentleman Jack, Jack Daniel's Single Barrel, Woodford Reserve, Old Forester, Coopers’ Craft, The GlenDronach, Benriach, Glenglassaugh, Slane, Herradura, el Jimador, New Mix, Korbel, Chambord, Fords Gin, Gin Mare, and Diplomático Rum. Brown-Forman’s brands are supported by approximately 5,600 employees globally and sold in more than 170 countries worldwide. For more information about the company, please visit brown-forman.com. Follow us on LinkedIn, Instagram, and X, formerly Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523448072/en/

Rob Frederick

Vice President

Corporate Communications

rob_frederick@b-f.com

502-774-7707

Sue Perram

Vice President

Investor Relations

sue_perram@b-f.com

502-774-6862

Source: Brown-Forman Corporation

FAQ

When will Brown-Forman's dividend be payable?

Brown-Forman's dividend will be payable on July 1, 2024.

What is the dividend amount declared by Brown-Forman?

Brown-Forman declared a regular quarterly cash dividend of $0.2178 per share.

Which stocks are eligible for Brown-Forman's declared dividend?

Brown-Forman's Class A and Class B Common Stock are eligible for the declared dividend.

What is the record date for Brown-Forman's dividend?

The record date for Brown-Forman's dividend is June 7, 2024.

How many years has Brown-Forman increased its cash dividends?

Brown-Forman has increased its cash dividends for 40 consecutive years.

Is Brown-Forman a member of any notable stock index?

Yes, Brown-Forman is a member of the S&P 500 Dividend Aristocrats index.