Brown-Forman has announced its quarterly cash dividend. The company's board of directors said yesterday (18 November) that it has increased the cash dividend by 15.3% from 21.25 cents to 24.50 cents per share on Class A and Class B Common Stock.

As a result, the indicated annual cash dividend will rise from US$0.85 per share to US$0.98 per share.

Stockholders of record on 6 December will receive the cash dividend on 1 January.

Brown-Forman has paid regular quarterly cash dividends for 59 consecutive years.