Brown-Forman As of January 30, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
BF $0.82 0.0% 9.0% 5.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Alcoholic Beverages 1.2% 39 5.4% Quarter 1945
Brown-Forman hikes dividend by 5% and pays special dividend

Dividend Aristocrat Brown-Forman Corporation (BFB) will hike its dividend by 5 percent this year. Also a $1.00 per share special dividend will be paid to shareholders. Last year BFB hiked its dividend by 3 percent to $0.1795 per share quarterly. This new hike marks the Jack Daniel's owner's 38th consecutive year of dividend increases. Unlike European peers such as Heineken and AB Inbev Brown-Forman did not cut its dividend because of COVID-19.

Stockholders of record on December 3, 2021, will receive the cash dividend on December 28, 2021. Additionally, Brown-Forman’s Board of Directors declared a special dividend of $480 million on its Class A and Class B stock, or $1.00 per share, that will be paid on December 29, 2021 to stockholders of record on December 9, 2021.

Brown-Forman’s President and Chief Executive Officer Lawson Whiting said, “We are emerging from an unprecedented time in history. As it has throughout many generations, Brown-Forman’s business has remained strong and resilient, driven by the strength of our portfolio, the health of our balance sheet, and the agility of our people.”

Brown-Forman manufactures, bottles, imports, exports, markets, and sells a wide variety of alcoholic beverages. The company's brands include Jack Daniel’s, Korbel, el Jimador, Woodford Reserve, Old Forester, Coopers’ Craft, Canadian Mist, Herradura, New Mix, Sonoma-Cutrer, Early Times, Chambord, BenRiach, GlenDronach, Slane, and Fords Gin. 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.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Feb 01 FAST 2.8% 12.9%
Feb 02 BRO 0.8% 0.0%
Feb 02 NSC 2.3% 8.9%
Feb 02 WFC 2.6% 0.0%
Feb 02 LW 1.1% 0.0%
Feb 02 COST 0.7% 0.0%
Feb 03 BKR 2.5% 0.0%
Feb 03 C 3.9% 0.0%
Feb 03 COF 2.1% 0.0%
Feb 06 AWK 1.7% 0.0%