Brown-Forman Announces Quarterly Dividend of $0.2265 per Share, in Line with Previous.

Brown-Forman has declared a $0.2265 per share quarterly dividend, in line with previous declarations. The forward yield is 2.93%. The dividend is payable on October 1, with a record date of September 3 and an ex-dividend date of September 3.

Brown-Forman Corporation (NYSE: BF.B) has announced a quarterly dividend of $0.2265 per share, in line with its previous declarations. The forward yield stands at 2.93%. The dividend will be payable on October 1, with a record date of September 3 and an ex-dividend date also set for September 3 [1].

The company's consistent dividend policy has been a key attraction for investors, providing a stable income stream. The forward yield of 2.93% is competitive within the industry, reflecting the company's strong financial health and commitment to shareholder returns [1].

Brown-Forman's recent performance has been mixed, with earnings meeting expectations but revenues falling short. However, the company's strategic partnerships and global expansion efforts have been noted as key growth drivers. The acquisition of The Duckhorn Portfolio, Inc. (NYSE: NAPA) and Sonoma-Cutrer Vineyards, Inc. by The Duckhorn Portfolio, Inc. further exemplifies the company's strategic focus on premium brands [2].

Despite recent market volatility and industry-wide challenges, Brown-Forman's dividend remains a significant factor for investors. The company's stable share price and consistent dividend policy make it an attractive option for income-oriented investors [3].

References:
[1] https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-bf.b/brown-forman
[2] https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-bf.b/brown-forman
[3] https://simplywall.st/stocks/us/food-beverage-tobacco/nyse-bf.b/brown-forman