Brown-Forman Co. (NYSE:BF.A) Plans Quarterly Dividend of $0.17
Brown-Forman Co. (NYSE:BF.A) declared a quarterly dividend on Thursday, November 21st, Zacks reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.174 per share on Thursday, January 2nd. This represents a $0.70 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, December 4th. This is a boost from Brown-Forman’s previous quarterly dividend of $0.17.
Shares of Brown-Forman stock opened at $63.89 on Tuesday. Brown-Forman has a 52 week low of $44.42 and a 52 week high of $65.73. The company has a quick ratio of 1.42, a current ratio of 3.27 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $62.08 and a 200-day moving average price of $57.50. The company has a market cap of $30.45 billion, a PE ratio of 36.93 and a beta of 0.70.
Several equities research analysts recently issued reports on the company. ValuEngine downgraded Brown-Forman from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. MKM Partners began coverage on Brown-Forman in a research note on Friday, September 20th. They set a “neutral” rating and a $59.00 price objective on the stock. Finally, Berenberg Bank set a $50.00 price objective on shares of Brown-Forman and gave the stock a “hold” rating in a report on Monday, September 2nd.
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.
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