{"id":385530,"date":"2020-11-19T16:04:24","date_gmt":"2020-11-19T21:04:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385530"},"modified":"2020-11-19T16:04:24","modified_gmt":"2020-11-19T21:04:24","slug":"brown-forman-increases-cash-dividend-for-37th-consecutive-year","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brown-forman-increases-cash-dividend-for-37th-consecutive-year\/","title":{"rendered":"Brown-Forman Increases Cash Dividend for 37th Consecutive Year"},"content":{"rendered":"

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Brown-Forman Increases Cash Dividend for 37th<\/sup> Consecutive Year<\/b><\/p>\n

LOUISVILLE, Ky.–(BUSINESS WIRE<\/a>)–
\nBrown-Forman Corporation (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 3.0% to $0.1795 per share from the prior quarter\u2019s $0.1743 per share. As a result, the indicated annual cash dividend will rise to $0.7180 per share from $0.6972 per share. Stockholders of record on December 4, 2020, will receive the cash dividend on January 4, 2021.\n<\/p>\n

\nThis marks the 37th<\/sup> consecutive year of dividend increases at Brown-Forman and the 76th<\/sup> year of paying quarterly dividends in the company\u2019s 150-year history. Lawson Whiting, President and Chief Executive Officer of Brown-Forman said, “In this uncertain environment, we are pleased to increase our dividend and continue our long-term track record of regular quarterly dividend payments. This reflects the strength of our cash flows, the health of our balance sheet, and our confidence in the long-term growth prospects for the company.\u201d\n<\/p>\n

\nBrown-Forman is a member of the prestigious Standard & Poor\u2019s 500 Dividend Aristocrats Index, which is composed of companies that have increased their cash dividend every year for at least 25 years.\n<\/p>\n

\nFor 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including the Jack Daniel\u2019s Tennessee Whiskey, Jack Daniel\u2019s Tennessee RTDs, Jack Daniel\u2019s Tennessee Honey, Jack Daniel\u2019s Tennessee Fire, Gentleman Jack, Jack Daniel\u2019s Single Barrel, Finlandia, Korbel, el Jimador, Woodford Reserve, Old Forester, Coopers\u2019 Craft, Herradura, New Mix, Sonoma-Cutrer, Chambord, BenRiach, GlenDronach, Slane, and Fords Gin. Brown-Forman\u2019s brands are supported by approximately 4,800 employees and sold in more than 170 countries worldwide. For more information about the company, please visit http:\/\/www.brown-forman.com\/<\/a>.\n<\/p>\n

Important Information on Forward-Looking Statements:<\/b><\/p>\n

\nThis press release contains statements, estimates, and projections that are \u201cforward-looking statements\u201d as defined under U.S. federal securities laws. Words such as \u201caim,\u201d \u201canticipate,\u201d \u201caspire,\u201d \u201cbelieve,\u201d \u201ccan,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cenvision,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cexpectation,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201cpursue,\u201d \u201csee,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d and similar words indicate forward-looking statements, which speak only as of the date we make them. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections. These risks and uncertainties include, but are not limited to:\n<\/p>\n