Brown-Forman Corporation Declares Quarterly Dividend of $0.29 (BFB)
Brown-Forman Corporation (NYSE:BFB) announced a quarterly dividend on Thursday, January 23rd, AnalystRatings.Net reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.29 per share on Tuesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Wednesday, March 5th.
On the ratings front, analysts at Societe Generale raised their price target on shares of Brown-Forman Corporation from $84.00 to $88.00 in a research note on Monday, March 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.69.
Brown-Forman Corporation (NYSE:BFB) traded up 1.63% during mid-day trading on Thursday, hitting $94.67. 485,859 shares of the company’s stock traded hands. Brown-Forman Corporation has a 52-week low of $66.41 and a 52-week high of $94.77. The stock has a 50-day moving average of $90.63 and a 200-day moving average of $83.0. The company has a market cap of $20.192 billion and a P/E ratio of 31.26.
Brown-Forman Corporation (NYSE:BFB) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.03.
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