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Brown-Forman Corporation (NYSE:BFB) announced a quarterly dividend on Thursday, November 21st, AmericanBankingNews.com reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 0.29 per share on Friday, December 27th. This represents a $1.16 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Monday, December 2nd. This is a positive change from Brown-Forman Corporation’s previous quarterly dividend of $0.26.

On a related note, 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.69.

Brown-Forman Corporation (NYSE:BFB) traded up 1.63% on Thursday, hitting $94.67. 485,859 shares of the company’s stock traded hands. Brown-Forman Corporation has a 1-year low of $66.41 and a 1-year high of $94.77. The stock’s 50-day moving average is $90.63 and its 200-day moving average is $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 announced its earnings results on Wednesday, June 4th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.03.

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