Brown-Forman Declares Cash Dividend

Rhea-AI Summary

Brown-Forman Corporation declares a regular quarterly cash dividend of $0.2055 per share on its Class A and Class B Common Stock. The dividend is payable on July 3, 2023, to stockholders of record on June 8, 2023. Brown-Forman has paid regular quarterly cash dividends for 79 years and has increased the cash dividend for 39 consecutive years.

Positive

• Brown-Forman Corporation declares a regular quarterly cash dividend of $0.2055 per share on its Class A and Class B Common Stock. The dividend has been increased for 39 consecutive years, which demonstrates the company's commitment to rewarding shareholders.

Negative

• None.

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2055 per share on its Class A and Class B Common Stock. The dividend is payable on July 3, 2023, to stockholders of record on June 8, 2023. Brown-Forman, a member of the prestigious S&P 500 Dividend Aristocrats index, has paid regular quarterly cash dividends for 79 years and has increased the cash dividend for 39 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, Sonoma-Cutrer, Finlandia, Chambord, Fords Gin, Gin Mare, and Diplomático Rum. Brown-Forman’s brands are supported by approximately 5,200 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 Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005762/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

What is the dividend amount declared by Brown-Forman Corporation?

The dividend declared by Brown-Forman Corporation is $0.2055 per share on its Class A and Class B Common Stock.

When will the dividend be payable?

The dividend will be payable on July 3, 2023.

Who are the stockholders eligible to receive the dividend?

The stockholders of record on June 8, 2023, are eligible to receive the dividend.

How long has Brown-Forman Corporation been paying regular quarterly cash dividends?

Brown-Forman Corporation has been paying regular quarterly cash dividends for 79 years.

Has Brown-Forman Corporation increased its cash dividend in the past?

Yes, Brown-Forman Corporation has increased its cash dividend for 39 consecutive years.