LOUISVILLE, Ky.--(BUSINESS WIRE)--
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 9.4% to $0.35 per share from the
prior quarter’s $0.32 per share. As a result, the indicated annual cash
dividend will rise from $1.28 to $1.40 per share.
Stockholders of record on December 6, 2011 will receive their quarterly
cash dividend on December 27, 2011.
This marks Brown-Forman’s 66th consecutive year of quarterly
dividends and the 28th 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 42 companies that have consistently increased their cash
dividend every year for over 25 years.
Paul Varga, Chief Executive Officer commented, “We are pleased to once
again increase our dividend, which is an important component of our
shareholders’ long-term total return and indicative of the excellent
overall financial health of our company.”
For 140 years, Brown-Forman Corporation has enriched the experience of
life by responsibly building fine quality beverage alcohol brands,
including 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. Brown-Forman’s brands are supported by nearly 3,900 employees
and sold in approximately 135 countries worldwide. For more information
about the company, please visit http://www.brown-forman.com.
Brown-Forman Corporation
Phil Lynch, 502-774-7928
Vice
President
Director Corporate Communications and Public Relations
or
Mark
Stegeman, 502-774-7325
Vice President
Assistant Treasurer,
Interim Director Investor Relations
Source: Brown-Forman Corporation