Brown Forman Corporation (BF.B) Raises Dividend to $0.20 Per Share

Brown Forman Corporation (NYSE:BF.B) declared a quarterly dividend on Thursday, November 16th, Zacks reports. Shareholders of record on Thursday, December 7th will be given a dividend of 0.198 per share on Tuesday, January 2nd. This represents a $0.79 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, December 6th. This is a boost from Brown Forman’s previous quarterly dividend of $0.18.

Shares of Brown Forman (NYSE BF.B) opened at $59.80 on Friday. Brown Forman has a fifty-two week low of $43.72 and a fifty-two week high of $59.95. The company has a market capitalization of $23,090.00, a price-to-earnings ratio of 32.86 and a beta of 0.93. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07.

Brown Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, August 30th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The business had revenue of $723.00 million during the quarter, compared to analyst estimates of $690.38 million. Brown Forman had a return on equity of 53.63% and a net margin of 17.84%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. equities research analysts expect that Brown Forman will post 1.91 EPS for the current year.

A number of research firms recently weighed in on BF.B. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price target on shares of Brown Forman in a report on Friday, October 6th. Pivotal Research reaffirmed a “buy” rating and issued a $62.00 target price on shares of Brown Forman in a research report on Monday, September 4th. Zacks Investment Research upgraded Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, August 31st. Berenberg Bank restated a “hold” rating and issued a $46.00 price objective on shares of Brown Forman in a report on Monday, September 18th. Finally, Goldman Sachs Group upgraded shares of Brown Forman from a “sell” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.40.

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Brown Forman Company Profile

Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.

Dividend History for Brown Forman (NYSE:BF.B)

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