Brown-Forman Increases Cash Dividend for 37th Consecutive Year

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that its Board of Directors increased its quarterly cash dividend on its Class A and Class B Common Stock by 3.0% to $0.1795 per share from the prior quarter’s $0.1743 per share. As a result, the indicated annual cash dividend will rise to $0.7180 per share from $0.6972 per share. Stockholders of record on December 4, 2020, will receive the cash dividend on January 4, 2021.