US: Brown-Forman readies dividend payment

By | 29 May 2009

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

The US-based wine and spirits company confirmed yesterday (28 May) that it will pay a regular quarterly cash dividend of $0.2875 cents per share on its Class A and Class B Common Stock.

The dividend will be issued on 1 July to shareholders of record on 8 June.

Brown-Forman is scheduled to release its financial results for the fourth quarter and full year fiscal 2009 on 10 June.

Net profit for the nine months to the end of January rose by 4% year-on-year, coming in at US$354.8m, the company announced earlier this year. Sales for the period were flat at $2.51bn, with operating profit slipping by 2% to $539.6m.

Sectors: Spirits, Wine

Companies: Brown-Forman

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