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Brown-Forman Corporation (BF) is a leading American producer and distributor of globally recognized alcoholic beverages. The company boasts a rich heritage dating back to 1870 when it was founded by George Garvin Brown. Headquartered in Louisville, Kentucky, Brown-Forman is celebrated for its diverse portfolio of premium brands, including Jack Daniel's, Woodford Reserve, Old Forester, and Finlandia Vodka.
Brown-Forman operates through three main segments: Whiskey, Tequila, and Wine. Each segment is meticulously managed to ensure the highest quality products reach their consumers. The Whiskey segment, anchored by Jack Daniel's, is the flagship of the company and accounts for a significant portion of the revenue.
The company has a robust global presence, distributing its products in over 170 countries. This expansive reach is supported by strategic partnerships and collaborations with local distributors and retailers, ensuring that Brown-Forman's brands are accessible to a wide audience.
In recent years, Brown-Forman has achieved notable milestones, including the expansion of its Jack Daniel's Tennessee Whiskey's brand into new markets and launching innovative products, such as flavored variations and ready-to-drink cocktails. The company continues to invest in sustainable practices and community engagement, reflecting its commitment to long-term value creation.
Financially, Brown-Forman remains strong, with consistent revenue growth and a solid balance sheet. The company leverages its brand strength and operational efficiency to deliver steady dividends to shareholders, making it a reliable choice for investors seeking stability in the beverage sector.
Brown-Forman's current projects focus on expanding its digital footprint and enhancing consumer engagement through targeted marketing campaigns. The company also prioritizes innovation in packaging and product offerings to meet evolving consumer preferences and regulatory requirements.
Overall, Brown-Forman Corporation stands out as a resilient and forward-thinking leader in the alcoholic beverage industry, committed to quality, sustainability, and shareholder value.
Brown-Forman (NYSE: BFA, BFB) held its annual stockholders meeting, where shareholders elected the recommended slate of directors and ratified Ernst & Young LLP as the company's independent auditor for fiscal year 2025. W. Austin Musselman Jr., a fifth-generation descendant of the founder, was elected to the Board of Directors. He joins three other fifth-generation family members on the board.
The Board of Directors approved a regular quarterly cash dividend of $0.2178 per share on Class A and B Common Stock, payable on October 1, 2024, to stockholders of record on September 3, 2024. Brown-Forman, a member of the S&P 500 Dividend Aristocrats index, has paid regular quarterly dividends for 80 consecutive years and increased them for 40 consecutive years.
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