Brown-Forman readies dividend

Brown-Forman readies dividend

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

The US-based spirits and wine firm, which last month lifted its full-year profits guidance after reporting a rise in earnings for the first half of its fiscal year, announced the dividend payout yesterday (28 January).

A regular quarterly cash dividend of US$0.30 per share on its class A and class B common stock will be paid on 1 April to stockholders of record on 8 March.

Brown-Forman's shares will open later today on the New York Stock Exchange at $53.74.