Brown-Forman Co. (BF.B) Announces Dividend of $0.29
Brown-Forman (NASDAQ:BF.B) declared a dividend on Thursday, July 24th, Analyst Ratings Network.com reports. Investors of record on Monday, September 8th will be given a dividend of 0.29 per share on Wednesday, October 1st. The ex-dividend date of this dividend is Thursday, September 4th.
BF.B has been the subject of a number of recent research reports. Analysts at Deutsche Bank downgraded shares of Brown-Forman from a “buy” rating to a “hold” rating in a research note on Thursday. On a related note, analysts at ISI Group downgraded shares of Brown-Forman from a “buy” rating to a “neutral” rating in a research note on Monday, August 11th. Finally, analysts at ISI Group downgraded shares of Brown-Forman from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $90.00.
Brown-Forman (NASDAQ:BF.B) last announced its earnings results on Wednesday, August 27th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.02. The company had revenue of $921.00 million for the quarter, compared to the consensus estimate of $947.90 million. During the same quarter last year, the company posted $0.66 earnings per share. Brown-Forman’s revenue was up 2.8% compared to the same quarter last year.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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