Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Reserve, Old Forester, Coopers' Craft, Herradura, el Jimador, New Mix, Korbel Champagnes, Sonoma-Cutrer, Finlandia, GlenDronach, Benriach, Glenglassaugh, Chambord, Slane, and Fords Gin brands. It is also involved in the sale of used barrels, bulk whiskey, and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors or state governments; and retailers, wholesalers, and provincial governments directly. It has operations in the United States, Germany, Australia, the United Kingdom, Mexico, and internationally. The company was founded in 1870 and is headquartered in Louisville, Kentucky.
Brown-Forman Dividend Announcement
• Brown-Forman announced a quarterly dividend of $0.22 per ordinary share which will be made payable on 2024-10-01. Ex dividend date: 2024-09-03
• Brown-Forman annual dividend for 2024 was $0.65
• Brown-Forman annual dividend for 2023 was $0.83
• Brown-Forman's trailing twelve-month (TTM) dividend yield is 2.66%
• Brown-Forman's payout ratio for the trailing twelve months (TTM) is 41.30%
• Brown-Forman's dividend growth over the last five years (2018-2023) was -12.63% year
• Brown-Forman's dividend growth over the last ten years (2013-2023) was -2.31% year
Brown-Forman Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-03 | $0.22 | quarterly | 2024-10-01 |
2024-06-07 | $0.22 | quarterly | 2024-07-01 |
2024-03-07 | $0.22 | quarterly | 2024-04-01 |
2023-11-30 | $0.22 | quarterly | 2024-01-02 |
2023-09-01 | $0.21 | quarterly | 2023-10-02 |
2023-06-07 | $0.21 | quarterly | 2023-07-03 |
2023-03-07 | $0.21 | quarterly | 2023-04-03 |
2022-12-01 | $0.21 | quarterly | 2023-01-03 |
2022-09-02 | $0.19 | quarterly | 2022-10-03 |
2022-06-07 | $0.19 | quarterly | 2022-07-01 |
2022-03-07 | $0.19 | quarterly | 2022-04-01 |
2021-12-08 | $1.00 | quarterly | 2021-12-29 |
2021-12-02 | $0.19 | quarterly | 2021-12-28 |
2021-09-02 | $0.18 | quarterly | 2021-10-01 |
2021-06-07 | $0.18 | quarterly | 2021-07-01 |
2021-03-05 | $0.18 | quarterly | 2021-04-01 |
2020-12-03 | $0.18 | quarterly | 2021-01-04 |
2020-09-03 | $0.17 | quarterly | 2020-10-01 |
2020-06-05 | $0.17 | quarterly | 2020-07-01 |
2020-03-06 | $0.17 | quarterly | 2020-04-01 |
2019-12-04 | $0.17 | quarterly | 2020-01-02 |
2019-09-05 | $0.17 | quarterly | 2019-10-01 |
2019-06-05 | $0.17 | quarterly | 2019-07-01 |
2019-03-01 | $0.17 | quarterly | 2019-04-01 |
2018-12-06 | $0.17 | quarterly | 2019-01-02 |
2018-09-05 | $0.16 | quarterly | 2018-10-01 |
2018-06-05 | $0.16 | quarterly | 2018-07-03 |
2018-03-29 | $1.00 | quarterly | 2018-04-23 |
2018-03-02 | $0.16 | quarterly | 2018-04-02 |
2017-12-06 | $0.16 | quarterly | 2018-01-02 |
2017-09-06 | $0.15 | quarterly | 2017-10-02 |
2017-06-01 | $0.15 | quarterly | 2017-07-03 |
2017-03-02 | $0.18 | quarterly | 2017-04-03 |
2016-11-30 | $0.18 | quarterly | 2017-01-03 |
2016-08-30 | $0.17 | quarterly | 2016-10-03 |
2016-06-02 | $0.34 | quarterly | 2016-07-01 |
2016-03-07 | $0.34 | quarterly | 2016-04-01 |
2015-12-01 | $0.34 | quarterly | 2015-12-30 |
2015-09-03 | $0.32 | quarterly | 2015-10-01 |
2015-06-01 | $0.32 | quarterly | 2015-07-01 |
2015-03-06 | $0.32 | quarterly | 2015-04-01 |
2014-12-02 | $0.32 | quarterly | 2014-12-30 |
2014-09-04 | $0.29 | quarterly | 2014-10-01 |
2014-06-02 | $0.29 | quarterly | 2014-07-01 |
2014-03-05 | $0.29 | quarterly | 2014-04-01 |
2013-12-02 | $0.29 | quarterly | 2013-12-27 |
2013-09-03 | $0.26 | quarterly | |
2013-06-03 | $0.26 | quarterly | |
2013-03-06 | $0.26 | quarterly |
Brown-Forman Dividend per year
Brown-Forman Dividend growth
Brown-Forman Dividend Yield
Brown-Forman current trailing twelve-month (TTM) dividend yield is 2.66%. Interested in purchasing Brown-Forman stock? Use our calculator to estimate your expected dividend yield:
Brown-Forman Financial Ratios
Brown-Forman Dividend FAQ
Other factors to consider when evaluating Brown-Forman as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Brown-Forman's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Brown-Forman publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Brown-Forman distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Brown-Forman are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Brown-Forman sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Brown-Forman distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Brown-Forman declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Brown-Forman's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Brown-Forman's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.