US: Brown-Forman declares dividend
Brown-Forman, owner of Jack Daniel whiskey, has declared a quarterly cash dividend of $0.30 per share on its Class A and Class B common stock.
The payment represents a 4.3% increase over the prior quarter's dividend, the firm said late yesterday (16 November). As a result, the indicated annual cash dividend will rise from $1.15 to $1.20 per share.
Listed shareholders as of 7 December will receive the quarterly cash dividend on 4 January 2010.
Paul Varga, Brown-Forman CEO, said: "We are pleased to raise our dividend in this challenging economic environment, particularly in a year where many companies have been forced to reduce or suspend theirs."
Brown-Forman has lined up a packaging revamp for its Southern Comfort spirits brand....
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