Brown Forman Corporation (NYSE:BF.B) declared a quarterly dividend on Thursday, November 16th, Zacks reports. Shareholders of record on Thursday, December 7th will be given a dividend of 0.198 per share on Tuesday, January 2nd. This represents a $0.79 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, December 6th. This is a boost from Brown Forman’s previous quarterly dividend of $0.18.

Brown Forman (NYSE BF.B) opened at $62.09 on Tuesday. The company has a market cap of $23,325.19, a PE ratio of 33.54 and a beta of 0.96. Brown Forman has a 12-month low of $43.72 and a 12-month high of $62.20. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07.

BF.B has been the topic of a number of research reports. Cowen reiterated a “hold” rating and set a $54.00 target price on shares of Brown Forman in a research report on Thursday, October 12th. Pivotal Research reiterated a “buy” rating and set a $62.00 target price on shares of Brown Forman in a research report on Monday, September 4th. Berenberg Bank reiterated a “hold” rating and set a $46.00 target price on shares of Brown Forman in a research report on Monday, September 18th. SunTrust Banks reiterated a “hold” rating and set a $50.00 target price on shares of Brown Forman in a research report on Friday, October 6th. Finally, Goldman Sachs Group upgraded shares of Brown Forman from a “sell” rating to a “neutral” rating and set a $56.00 target price on the stock in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.40.

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About Brown Forman

Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.

Dividend History for Brown Forman (NYSE:BF.B)

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