Dividend Aristocrat Brown-Forman Corporation (BFB) will pay a special cash dividend of $1.00 per share in the second quarter of 2018. The regular quarterly dividend was raised to $0.1975 per share last November. Earlier Brown-Forman paid a split adjusted $2.00 per share special dividend in Q4 of 2012.

The special dividend will be paid on April 23, 2018 to stockholders of record on April 2, 2018. The regular dividend yield for the Jack Daniels maker is 1.2%. The special dividend yields 1.4% at a current stock price of $68.62. Brown-Forman also announced a new stock split.

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.