The new rate of 19.75 cents per share applies to both Class A and Class B stock. It’s payable Jan. 2, 2018, on stock of record Dec. 7.
“Our 8.2% dividend increase for calendar year 2018 marks the 34th consecutive year of dividend increases. Brown-Forman’s strong cash flow generation and our continued prospects for growth underpin the quality and consistency of our dividend program,” said Paul Varga, ceo.
Brown-Forman is a member of the prestigious Standard & Poor’s 500 Dividend Aristocrats Index which is comprised of companies that have increased their cash dividend every year for more than 25 years. The company has paid quarterly dividends for 72 consecutive years.