Brown-Forman increases dividend for 31st consecutive year

Brown-Forman will raise the quarterly dividend by 8,6%.

The quarterly dividend is hiked from $0,29 to $0,315 per share. At a current stock price of $95 the indicated dividend yield for Brown-Forman is 1,3%.

Paul Varga, chief executive officer of Brown-Forman, said, "This dividend increase marks the 31st consecutive year of increases at the company, and reflects our commitment to delivering top-tier returns for our shareholders. In addition to returning cash to shareholders through our dividend program, the company also implemented a new buyback program in October, and is aggressively investing behind the long-term global growth of our American whiskey brands."

This marks Brown-Forman's 69th consecutive year of paying quarterly dividends. Brown-Forman is a member of the prestigious Standard & Poor's 500 Dividend Aristocrats Index which is comprised of an elite list of only 54 companies that have increased their cash dividend every year for over 25 years.

Popular posts from this blog

Two dividend growth monsters that nobody knows about (yet)!