Brown-Forman Corp (NASDAQ:BF/B) Declares Dividend Increase – $0.17 Per Share

Brown-Forman Corp (NASDAQ:BF/B) announced a dividend on Thursday, November 21st, Fidelity reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.1743 per share on Thursday, January 2nd. The ex-dividend date is Wednesday, December 4th. This is a positive change from Brown-Forman’s previous dividend of $0.17.

Shares of Brown-Forman stock opened at $67.82 on Monday. The firm has a 50-day moving average of $63.73 and a 200-day moving average of $57.73.

BF/B has been the topic of a number of recent analyst reports. Evercore ISI restated an “in-line” rating and issued a $60.00 target price on shares of Brown-Forman in a research note on Thursday, September 19th. JPMorgan Chase & Co. increased their price objective on shares of Brown-Forman from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. UBS Group increased their price objective on shares of Brown-Forman from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets increased their price objective on shares of Brown-Forman from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 29th. Finally, SunTrust Banks increased their price objective on shares of Brown-Forman from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Eleven investment analysts have rated the stock with a hold rating, Brown-Forman currently has a consensus rating of “Hold” and a consensus target price of $58.60.

Brown-Forman Company Profile

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs.

Recommended Story: How Important is Technical Analysis of Stocks

Dividend History for Brown-Forman (NASDAQ:BF/B)

Receive News & Ratings for Brown-Forman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown-Forman and related companies with MarketBeat.com's FREE daily email newsletter.