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Brown-Forman lifts quarterly dividend to 30 cents
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LOUISVILLE, Ky. - Brown-Forman said Monday its board of directors raised the company's quarterly cash dividend by 4.3 percent to 30 cents per share on its class A and class B stock.
Stockholders of record at Dec. 7 will receive the cash dividend on Jan. 4.
The dividend boost will raise the annual cash dividend by 5 cents to $1.20 per share.
Shares of Brown-Forman added 31 cents to close at $51.30.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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