Brown-Forman will pay US$0.30 per share

Brown-Forman will pay US$0.30 per share

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

The US-based wine and spirits company said yesterday (27 May) that it plans to pay a regular quarterly cash dividend of US$0.30 per share on its Class A and Class B Common Stock.

Payment will be made on 1 July to stockholders of record on 7 June.

Earlier this year, Brown-Forman posted a lift in net profits for the first nine months of its current financial year, despite flat sales.