Brown-Forman Corp (NASDAQ:BF/B) Plans Dividend of $0.17

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Brown-Forman Corp (NASDAQ:BF/B) declared a dividend on Thursday, November 21st, Fidelity reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.1743 per share on Thursday, January 2nd. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from Brown-Forman’s previous dividend of $0.17.

NASDAQ BF/B opened at $67.82 on Monday. The firm has a fifty day moving average price of $63.73 and a 200-day moving average price of $57.73.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Brown-Forman from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. SunTrust Banks lifted their target price on Brown-Forman from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. Evercore ISI reaffirmed an “in-line” rating and issued a $60.00 target price on shares of Brown-Forman in a research report on Thursday, September 19th. BMO Capital Markets lifted their target price on Brown-Forman from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th. Finally, UBS Group lifted their target price on Brown-Forman from $57.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Eleven investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $58.60.

About Brown-Forman

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs.

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Dividend History for Brown-Forman (NASDAQ:BF/B)

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