Brown Forman Corporation (BF.B) to Issue Quarterly Dividend of $0.20 on January 2nd
Brown Forman Corporation (NYSE:BF.B) declared a quarterly dividend on Thursday, November 16th, Zacks reports. Investors of record on Thursday, December 7th will be paid a dividend of 0.198 per share on Tuesday, January 2nd. This represents a $0.79 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, December 6th. This is a positive change from Brown Forman’s previous quarterly dividend of $0.18.
Brown Forman (NYSE BF.B) traded up $0.60 on Friday, hitting $59.80. The stock had a trading volume of 1,148,200 shares, compared to its average volume of 915,937. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07. Brown Forman has a one year low of $43.72 and a one year high of $59.95. The stock has a market capitalization of $23,100.00, a price-to-earnings ratio of 32.86 and a beta of 0.93.
Brown Forman (NYSE:BF.B) last issued its quarterly earnings results on Wednesday, August 30th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Brown Forman had a return on equity of 53.63% and a net margin of 17.84%. The company had revenue of $723.00 million for the quarter, compared to the consensus estimate of $690.38 million. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. equities analysts expect that Brown Forman will post 1.91 earnings per share for the current year.
A number of research firms have recently issued reports on BF.B. Zacks Investment Research upgraded shares of Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, August 31st. Pivotal Research reissued a “buy” rating and issued a $62.00 price target on shares of Brown Forman in a report on Monday, September 4th. SunTrust Banks reissued a “hold” rating and issued a $50.00 price target on shares of Brown Forman in a report on Friday, October 6th. Berenberg Bank reissued a “hold” rating and issued a $46.00 price target on shares of Brown Forman in a report on Monday, September 18th. Finally, Cowen reissued a “hold” rating and issued a $52.00 price target on shares of Brown Forman in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Brown Forman has a consensus rating of “Hold” and an average target price of $52.40.
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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.
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