Brown-Forman declares dividend

Brown-Forman declares dividend

Brown-Forman has declared a quarterly cash dividend of US$0.32 per share on its class A and class B common stock.

Shareholders registered as of 8 June will receive the payment on 1 July, the Jack Daniel's distiller said today (27 May).

In the group's fiscal third quarter, to the end of January, net profits leapt by 30% year-on-year, coming in at US$140.7m. Operating profits were also up by 30%, to $225.5m as sales rose by 12% to $962.4m.