Brown-Forman As of November 12, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
BF $0.72 0.0% 3.0% 5.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Alcoholic Beverages 1.0% 37 5.7% 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 Corporation 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.

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Ex-date Ticker Yield YTD hike
Dec 06 CTXS 1.7% 5.7%
Dec 06 CI 1.8% 9900.0%
Dec 06 WRB 0.6% 8.3%
Dec 07 AEE 2.6% 6.8%
Dec 07 AME 0.6% 11.1%
Dec 08 KIM 2.9% 6.3%
Dec 08 NEM 3.7% 37.5%
Dec 09 BDX 1.4% 4.8%
Dec 09 ADP 1.8% 11.8%
Dec 09 NTRS 2.2% 0.0%