The Board of Directors of Brown-Forman Corporation (NYSE: BFA, BFB) declared a quarterly cash dividend of $0.1795 on Class A and Class B Common Stock. Stockholders of record on March 8, 2021 will receive the dividend on April 1, 2021. As a member of the S&P 500 Dividend Aristocrats index, the company has paid regular quarterly dividends for 76 years and increased dividends for 37 consecutive years. Brown-Forman is recognized for its quality beverage alcohol brands, including Jack Daniel’s and Woodford Reserve, sold in over 170 countries.
Brown-Forman Corporation (NYSE:BFA) (NYSE:BFB) announces the retirement of G. Garvin Brown IV as Board Chair after 14 years, effective July. He is succeeded by Campbell P. Brown at the Annual Meeting of Stockholders. Garvin emphasized the company’s leadership transitions have been well-planned, contributing to its resilience and strong financial performance, including 76 consecutive years of dividend payments. Campbell, with 26 years at the company, is poised to continue the legacy of brand building and shareholder value creation.