Brown-Forman Corporation Increases Quarterly Dividend $BFA

• Brown-Forman (NYSE:BF.A) declares $0.166/share quarterly dividend, 5.1% increase from prior dividend of $0.158.
• Forward yield 1.38%
• Payable Jan. 2; for shareholders of record Dec. 6; ex-div Dec. 5.

Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that its Board of Directors increased its quarterly cash dividend on its Class A and Class B Common Stock by 5.1% to $0.166 per share from the prior quarter’s $0.158 per share. As a result, the indicated annual cash dividend will rise from $0.632 per share to $0.664 per share. Stockholders of record on December 6, 2018, will receive the cash dividend on January 2, 2019.

Paul Varga, Chief Executive Officer of Brown-Forman said, "Our 5.1% dividend increase marks the 35th consecutive year of dividend increases at Brown-Forman, and the 73rd year of paying quarterly dividends at the company. Returning cash to our shareholders has been an important contributor to our ability to generate great returns for our shareholders."

Brown-Forman is a member of the prestigious Standard & Poor’s 500 Dividend Aristocrats Index, which is composed of companies that have increased their cash dividend every year for at least 25 years.

For more information, visit www.brown-forman.com

According the list of U.S. Dividend Champions Brown-Forman is a Dividend Champions. Brown-Forman has a 34-year dividend raising history.

Dividend Growth Rates
DGR	DGR	DGR	DGR
1-yr	3-yr	5-yr	10-yr
7.4	7.4	8.9	8.5

Dividend Yield Chart:

This is the historical trailing annual dividend yield of Brown-Forman Corp. Buying stocks at higher yield relative its historical values is usually more profitable.

Payout Ratio:

This is the historical payout ratio of Brown-Forman Corp. If payout ratio is close to or higher than 100%, dividends might not be sustainable.