LOUISVILLE, Ky.--(BUSINESS WIRE)--Insert in third paragraph of release: ''...or $1.00 per share...''
“We are emerging from an unprecedented time in history. As it has throughout many generations, Brown-Forman’s business has remained strong and resilient, driven by the strength of our portfolio, the health of our balance sheet, and the agility of our people.”
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The updated release reads:
INSERTING and REPLACING Brown-Forman Increases Cash Dividend for 38th Consecutive Year and Declares Special Cash Dividend
Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that its Board of Directors approved an increase to its quarterly cash dividend and declared a special one-time dividend.
The company increased its quarterly cash dividend on its Class A and Class B Common Stock by 5% to $0.1885 per share from the prior quarter’s $0.1795. As a result, the indicated annual cash dividend will rise from $0.7180 per share to $0.7540 per share. Stockholders of record on December 3, 2021, will receive the cash dividend on December 28, 2021. This marks the 38th consecutive year of dividend increases at Brown-Forman and the 78th year of paying quarterly dividends at the company. Brown-Forman is a member of the prestigious S&P 500 Dividend Aristocrats Index, which is composed of companies that have increased their cash dividend every year for at least 25 years.
Additionally, Brown-Forman’s Board of Directors declared a special dividend of $480 million on its Class A...
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