Dividend Aristocrat Brown-Forman raises dividend for 36th consecutive year
|Jack Daniel's & Coca-Cola © dividendtrackrecords.com|
At the current stock price of $67.24 the new annual dividend rate stated above will yield just a little over 1.0 percent. Stockholders of record on December 5, 2019, will receive the quarterly cash dividend of 17.43 cents on January 2, 2020.
Lawson Whiting, President and Chief Executive Officer of Brown-Forman said, "Our increased dividend 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.”
Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. Its brands include Jack Daniel's, Finlandia Vodkas, el Jimador and Herradura Tequilas, Canadian Mist Canadian Whisky and Sonoma-Cutrer California Wines.