Brown-Forman has announced details of its quarterly dividend payment.

The US company said yesterday (15 November) that it will pay its shareholders US$0.34 per share, a climb of 12.4% from $0.3025. Subsequently, Brown-Forman has increased its annual share dividend from US$1.21 to $1.36.

Shareholders of record on 5 December will receive the quarterly payment on 1 January.