Dividend Aristocrat Brown-Forman (BF) will raise its quarterly dividend to $0.29 per share, marking the 30th consecutive year of dividend increases. Brown-Forman, best known for the Jack Daniels whisky brand, will increase its quarterly dividend by 13.7 percent to $0.29 per share.

The dividend will be paid on December 27, 2013 to stockholders of record on December 4, 2013. At the current stock price of $75.36 the dividend yield is 1.5%. Brown-Forman now has raised its dividend for 30 years.

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells a wide variety of alcoholic beverages. The company's brands include Jack Daniel’s, Finlandia, Canadian Mist and el Jimador. Brown-Forman Corporation was incorporated under the laws of the State of Delaware in 1933, successor to a business founded in 1870 as a partnership and later incorporated under the laws of the Commonwealth of Kentucky in 1901. The Brown family controls more than 50% of the economic ownership in Brown-Forman.