Brown-Forman Co. (BF.B) Raises Dividend to $1.00 Per Share

Brown-Forman Co. (NYSE:BF.B) announced a dividend on Tuesday, January 23rd, NASDAQ reports. Shareholders of record on Monday, April 2nd will be paid a dividend of 1.00 per share on Monday, April 23rd. The ex-dividend date of this dividend is Thursday, March 29th. This is an increase from Brown-Forman’s previous dividend of $0.15.

Shares of BF.B stock opened at $55.06 on Friday. The company has a market cap of $25,913.92, a PE ratio of 35.52 and a beta of 0.89. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.78 and a quick ratio of 0.87. Brown-Forman has a 12-month low of $36.34 and a 12-month high of $56.81.

Brown-Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $878.00 million for the quarter, compared to analyst estimates of $870.06 million. Brown-Forman had a net margin of 18.15% and a return on equity of 55.27%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. equities analysts forecast that Brown-Forman will post 1.48 EPS for the current year.

BF.B has been the topic of several research reports. Societe Generale raised shares of Brown-Forman from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Pivotal Research raised shares of Brown-Forman from a “hold” rating to a “buy” rating and boosted their price target for the company from $52.00 to $65.00 in a research report on Wednesday, March 7th. Barclays initiated coverage on shares of Brown-Forman in a research report on Wednesday, January 10th. They issued an “equal weight” rating and a $57.60 price target on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $55.20 price target (up previously from $39.20) on shares of Brown-Forman in a research report on Wednesday, December 6th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $48.80 price target (up previously from $44.00) on shares of Brown-Forman in a research report on Thursday, December 7th. Thirteen analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Brown-Forman presently has a consensus rating of “Hold” and an average target price of $47.07.

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Brown-Forman Company Profile

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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