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Brown-Forman Increases Cash Dividend for 41st Consecutive Year

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Brown-Forman (NYSE: BFA, BFB) announced a 4% increase in its quarterly cash dividend from $0.2178 to $0.2265 per share on Class A and Class B Common Stock. The annual cash dividend will increase from $0.8712 to $0.9060 per share, payable on January 2, 2025, to stockholders of record on December 6, 2024. This marks the company's 41st consecutive year of dividend increases and 81 years of regular quarterly cash dividends. The company is a member of the S&P 500 Dividend Aristocrats index.

Brown-Forman (NYSE: BFA, BFB) ha annunciato un aumento del 4% del suo dividendo trimestrale in contante, passando da $0.2178 a $0.2265 per azione delle azioni ordinarie di Classe A e Classe B. Il dividendo annuale passerà da $0.8712 a $0.9060 per azione, pagabile il 2 gennaio 2025 agli azionisti registrati il 6 dicembre 2024. Questo segna il 41° anno consecutivo di aumenti dei dividendi e 81 anni di dividendi trimestrali regolari in contante. L'azienda è un membro dell'indice S&P 500 Dividend Aristocrats.

Brown-Forman (NYSE: BFA, BFB) anunció un incremento del 4% en su dividendo en efectivo trimestral, de $0.2178 a $0.2265 por acción de las acciones ordinarias Clase A y Clase B. El dividendo anual se incrementará de $0.8712 a $0.9060 por acción, pagadero el 2 de enero de 2025 a los accionistas registrados el 6 de diciembre de 2024. Esto marca el 41.º año consecutivo de aumentos en los dividendos y 81 años de dividendos trimestrales en efectivo regulares. La compañía es miembro del índice S&P 500 Dividend Aristocrats.

브라운-포맨 (NYSE: BFA, BFB)는 분기 현금 배당금이 $0.2178에서 $0.2265로 4% 인상되었다고 발표했습니다. 연간 현금 배당금은 $0.8712에서 $0.9060로 증가하며, 2025년 1월 2일에 2024년 12월 6일 등록된 주주에게 지급될 예정입니다. 이는 회사의 41년 연속 배당금 증가를 의미하며, 81년간 정기 분기 현금 배당금을 지급하였습니다. 이 회사는 S&P 500 배당 귀족 지수의 일원입니다.

Brown-Forman (NYSE: BFA, BFB) a annoncé une augmentation de 4% de son dividende trimestriel en espèces, passant de $0.2178 à $0.2265 par action des actions ordinaires de Classe A et Classe B. Le dividende annuel augmentera de $0.8712 à $0.9060 par action, payable le 2 janvier 2025, aux actionnaires enregistrés le 6 décembre 2024. Cela marque la 41e année consécutive d'augmentations de dividendes et 81 ans de dividendes trimestriels réguliers en espèces. La société est membre de l'indice S&P 500 Dividend Aristocrats.

Brown-Forman (NYSE: BFA, BFB) hat eine Erhöhung von 4% seiner vierteljährlichen Barausschüttung von $0.2178 auf $0.2265 pro Aktie der Stammaktien der Klassen A und B angekündigt. Die jährliche Barausschüttung wird von $0.8712 auf $0.9060 pro Aktie steigen, zahlbar am 2. Januar 2025 an die Aktionäre, die am 6. Dezember 2024 im Aktienregister stehen. Dies markiert das 41. Jahr in Folge mit einer Erhöhung der Dividenden und 81 Jahre regelmäßiger vierteljährlicher Barausschüttungen. Das Unternehmen ist Mitglied des S&P 500 Dividend Aristocrats Index.

Positive
  • 41 consecutive years of dividend increases demonstrates strong financial stability
  • 4% dividend increase enhances shareholder returns
  • Membership in S&P 500 Dividend Aristocrats index indicates consistent performance
  • 81-year track record of regular quarterly dividend payments
Negative
  • None.

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA, BFB) announced today that its Board of Directors approved an increase of 4% to the quarterly cash dividend from $0.2178 per share to $0.2265 per share on its Class A and Class B Common Stock. As a result, the indicated annual cash dividend will rise from $0.8712 per share to $0.9060 per share. The dividend is payable on January 2, 2025, to stockholders of record on December 6, 2024.

Brown-Forman’s President and Chief Executive Officer Lawson Whiting said, “Brown-Forman believes deeply in building an enduring business, and we are proud to deliver 41 consecutive years of dividend increases. This is a testament to our long-term perspective and ongoing commitment to our valued shareholders.”

Brown-Forman, a member of the prestigious S&P 500 Dividend Aristocrats index, has paid regular quarterly cash dividends for 81 years and has increased the cash dividend for 41 consecutive years.

Brown-Forman Corporation has been building exceptional spirits brands for more than 150 years, responsibly upholding our founding promise of “Nothing Better in the Market.” Our portfolio of premium brands includes the Jack Daniel’s Family of Brands, Woodford Reserve, Herradura, el Jimador, Korbel, New Mix, Old Forester, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Chambord, Gin Mare, Fords Gin, Slane, and Coopers’ Craft. With a team of approximately 5,700 employees worldwide, we proudly share our passion for premium beverages in more than 170 countries. Discover more about us at brown-forman.com and stay connected through LinkedIn, Instagram, and X.

Important Information on Forward-Looking Statements:

This press release contains statements that are “forward-looking statements” as defined under U.S. federal securities laws. These forward-looking statements reflect management’s expectations or projections regarding future events and 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.

For further information on factors that could cause our actual results to differ materially from our historical experience or from our current expectations or projections, please refer to our public filings, including the “Risk Factors” section of our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.

Elizabeth Conway

Director

Corporate Communications

elizabeth_conway@b-f.com

Sue Perram

Vice President

Investor Relations

sue_perram@b-f.com

Source: Brown-Forman Corporation

FAQ

What is Brown-Forman's new quarterly dividend amount for 2024-2025?

Brown-Forman's new quarterly dividend is $0.2265 per share for both Class A and Class B Common Stock.

When will Brown-Forman's (BF) next dividend be paid?

The dividend will be paid on January 2, 2025, to stockholders of record on December 6, 2024.

By what percentage did Brown-Forman increase its dividend in 2024?

Brown-Forman increased its quarterly dividend by 4%, from $0.2178 to $0.2265 per share.

What is Brown-Forman's new annual dividend rate?

The new indicated annual cash dividend will be $0.9060 per share, up from $0.8712.

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