Brown-Forman has declared its quarterly cash dividend. The company's board of directors announced yesterday that it had voted for a regular quarterly cash dividend of 21.25 cents per share on Class A and Class B Common Stock.

The amount reflects the company's two-for-one stock split which became effective on 12 January 2004. On an annualised basis, the dividend is now 85 cents per common share.

The cash dividend will apply to stockholders of record on 8 March, and will be paid on 1 April.

Brown-Forman has paid regular quarterly cash dividends for 58 consecutive years.