Brown-Forman's board approved a regular quarterly cash dividend of US$0.2310 per share, extending an 82-year record of uninterrupted payouts and 42 years of dividend increases. The decision came soon after CEO and President Lawson Whiting disclosed plans to retire after nearly 30 years with the company. The reaffirmed dividend highlights the board's priority on returning cash even as the spirits maker navigates category headwinds and a leadership transition. Brown-Forman's narrative projects $4.1 billion in revenue and $811.1 million in earnings by 2029, implying 1.7% yearly revenue growth.
Brown-Forman CorporationBoard approved quarterly dividend, extending 82-year payout record and 42 years of increases.