Brown-Forman Co. (NYSE:BF.B) Raises Dividend to $0.17 Per Share

Brown-Forman Co. (NYSE:BF.B) announced a quarterly dividend on Thursday, November 21st, Zacks reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.174 per share on Thursday, January 2nd. This represents a $0.70 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from Brown-Forman’s previous quarterly dividend of $0.17.

NYSE:BF.B opened at $67.42 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 3.27 and a debt-to-equity ratio of 1.36. The firm’s fifty day simple moving average is $65.32 and its 200 day simple moving average is $59.30. The stock has a market cap of $32.37 billion, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 5.04 and a beta of 0.65. Brown-Forman has a twelve month low of $44.57 and a twelve month high of $68.99.

Several equities research analysts have recently commented on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $65.00 target price on shares of Brown-Forman in a research report on Thursday, August 29th. MKM Partners assumed coverage on shares of Brown-Forman in a report on Thursday, September 19th. They issued a “neutral” rating and a $59.00 price objective for the company. Cfra cut Brown-Forman from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Evercore ISI downgraded Brown-Forman from an “in-line” rating to an “underperform” rating and set a $60.00 target price on the stock. in a report on Thursday, September 19th. Finally, Barclays set a $66.00 target price on Brown-Forman and gave the stock a “hold” rating in a research report on Friday, August 30th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $57.13.

About Brown-Forman

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.

Further Reading: What is Blockchain?

Dividend History for Brown-Forman (NYSE:BF.B)

Receive News & Ratings for Brown-Forman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown-Forman and related companies with MarketBeat.com's FREE daily email newsletter.