Brown-Forman Co. (BF.A) to Issue Dividend Increase – $0.17 Per Share

Brown-Forman Co. (NYSE:BF.A) declared a quarterly dividend on Thursday, November 15th, Zacks reports. Investors of record on Thursday, December 6th will be given a dividend of 0.166 per share on Wednesday, January 2nd. This represents a $0.66 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, December 5th. This is a boost from Brown-Forman’s previous quarterly dividend of $0.16.

NYSE:BF.A opened at $49.07 on Friday. The stock has a market cap of $23.69 billion, a P/E ratio of 33.16 and a beta of 0.82. Brown-Forman has a 52-week low of $45.71 and a 52-week high of $57.70. The company has a current ratio of 3.02, a quick ratio of 1.35 and a debt-to-equity ratio of 1.69.

Brown-Forman (NYSE:BF.A) last released its earnings results on Wednesday, August 29th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Brown-Forman had a return on equity of 55.19% and a net margin of 19.34%. The firm had revenue of $766.00 million for the quarter. Sell-side analysts anticipate that Brown-Forman will post 1.7 earnings per share for the current fiscal year.

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About Brown-Forman

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.

See Also: Derivative

Dividend History for Brown-Forman (NYSE:BF.A)

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