Dividend Aristocrat Brown-Forman Corporation (BF) will raise its quarterly dividend by 7.9 percent to $0.3125 in Q4 of 2014. The dividend will be paid on December 30, 2014 to stockholders of record on December 4, 2014.

Paul Varga, chief executive officer of Brown-Forman, said, "This dividend increase marks the 31st consecutive year of increases at the company, and reflects our commitment to delivering top-tier returns for our shareholders. In addition to returning cash to shareholders through our dividend program, the company also implemented a new buyback program in October, and is aggressively investing behind the long-term global growth of our American whiskey brands."

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.