LOUISVILLE, Ky. (Nov. 16, 2012) — Brown-Forman Corp. announced Thursday that its Board of Directors increased its quarterly cash dividend on its Class A and Class B Common Stock by 9.3 percent to 25.5 cents per share from the prior quarter’s 23.33 cents per share. As a result, the indicated annual cash dividend will rise from 93.33 cents per share to $1.02 per share.
Stockholders of record on Dec. 5 will receive their quarterly cash dividend on Dec. 26.
This marks Brown-Forman’s 67th consecutive year of quarterly dividends and the 29th consecutive year it has increased the annualized dividend. Brown-Forman is part of the prestigious Standard & Poor’s 500 Dividend Aristocrats Index which is comprised of an elite list of only 51 companies that have consistently increased their cash dividend every year for over 25 years.
“This dividend increase reflects our focus on providing superior returns to our shareholders over time and is indicative of the excellent health of our company and our continuing prospects for growth,” said Brown-Forman CEO Paul Varga.
Brown-Forman Corp. makes Jack Daniel’s Tennessee Whiskey, Southern Comfort, Finlandia, Jack Daniel’s & Cola, Canadian Mist, Korbel, Gentleman Jack, el Jimador, Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca and Woodford Reserve.