Market Overview

Brown-Forman Declares Special $4.00/Share Cash Dividend

UPDATE: Brown-Forman Posts In-Line Q3 Earnings, Misses Sales Estimates
Brown-Forman to Expand Woodford Reserve Distillery

Brown-Forman Corporation's (NYSE: BFA) (NYSE: BFB) Board of Directors has
declared a special cash dividend of $4.00 per share on its Class A and
Class B Common Stock that will be paid on December 27, 2012 to
stockholders of record on December 12, 2012. This special cash dividend
is in addition to the 9.3% increase in the company's regular cash
dividend announced by the company on November 15, 2012.

Brown-Forman Chief Executive Officer Paul Varga said, “We believe this
special dividend is the best utilization of the company's strong balance
sheet at this time. Along with our recently announced increase in the
regular dividend, this return of cash to shareholders reinforces our
belief in the health of our business and our commitment

See full press release

Posted-In: News Guidance Contracts Management Global


Related Articles (BFB + BFA)

View Comments and Join the Discussion!