Dividend Aristocrat Brown-Forman Corporation (BFB) will raise its quarterly dividend by 8.2% to $0.1975 per share in the fourth quarter of 2017. The new dividend yield for the Jack Daniels maker is 1.4%.

The dividend will be paid on January 2, 2018 to stockholders of record on December 7, 2017.

Paul Varga, Chief Executive Officer of Brown-Forman said, "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."

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.