The US wine and spirits to homeware company Brown-Forman Corp has said its board has approved a two-for-one stock split. The board also agreed to a 13.3% increase in the regular quarterly dividend.
The dividend increase was approved before the board considered the effect of the stock split. The dividend will increase from 37.5 cents to 42.5 cents per share.
The stock split, for all shares of Class A and Class B common stock, will be in the form of a stock dividend distributed on or about January 8.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Drinks Excellence Awards - Nominations Closed
Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.
Discover the Impact
