Brown-Forman Corporation (BF) will raise its quarterly dividend by 7.9 percent to $0.34 per share in 2015. It's the 32nd consecutive year of higher dividends for Dividend Aristocrat Brown-Forman.

The increased dividend will be paid on December 30, 2015 to stockholders of record on December 3, 2015.

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.