Brown-Forman Co. (NYSE:BF.B) Plans Quarterly Dividend of $0.17

Brown-Forman Co. (NYSE:BF.B) declared a quarterly dividend on Thursday, November 21st, Zacks reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.174 per share on Thursday, January 2nd. This represents a $0.70 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, December 4th. This is a positive change from Brown-Forman’s previous quarterly dividend of $0.17.

NYSE:BF.B opened at $67.82 on Monday. Brown-Forman has a 12 month low of $44.57 and a 12 month high of $68.99. The firm has a market cap of $32.37 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 5.04 and a beta of 0.65. The company has a quick ratio of 1.42, a current ratio of 3.27 and a debt-to-equity ratio of 1.36. The company’s 50 day moving average is $65.03 and its 200-day moving average is $59.05.

BF.B has been the topic of a number of recent analyst reports. Pivotal Research reissued a “buy” rating and issued a $65.00 price target on shares of Brown-Forman in a research report on Thursday, August 29th. Cfra downgraded shares of Brown-Forman from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Barclays set a $66.00 price target on shares of Brown-Forman and gave the stock a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada set a $57.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, MKM Partners began coverage on shares of Brown-Forman in a research note on Thursday, September 19th. They issued a “neutral” rating and a $59.00 target price on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Brown-Forman has an average rating of “Hold” and an average target price of $57.13.

Brown-Forman Company Profile

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.

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Dividend History for Brown-Forman (NYSE:BF.B)

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