Brown-Forman will make its next dividend payment next month

Brown-Forman will make its next dividend payment next month

Brown-Forman has confirmed details of its next dividend payment.

The US-company, which released the results for its third quarter in March, said earlier this week that its board has approved a US$0.29-per-share payment on both class A and B common stock. The dividend will be issued on 4 June to shareholders of record on 1 July.

In its latest results, Brown-Forman saw its year-to-date net profits climb by 10% on a 4.6% lift in sales.