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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Brown-Forman Corporation (BF-B) pays a $0.92 annual dividend ($0.23 quarterly), yielding 3.23% at $28.79/share. Next ex-dividend date 2026-09-03. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.23%
Annual Dividend: $0.92 per share
Payout Ratio: 59.3%
Ex-Dividend Date: 2026-09-03
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 42
Brown-Forman Corporation dividend income comes from one of the oldest spirits companies in the United States, founded in 1870 and built around brands like Jack Daniel's, Herradura, and Old Forester. BF-B currently yields 3.59%, with a trailing annual dividend rate of $0.9240 per share paid quarterly. The next ex-dividend date is September 3, 2026. A beta of 0.331 points to low price volatility, which suits income-focused investors who prioritize a smoother ride over aggressive growth.
Brown-Forman Corporation pays out 59.1% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer between earnings and the dividend obligation, supported by a globally distributed portfolio spanning spirits, whiskey, and ready-to-drink products sold across the United States, Germany, Australia, and other international markets. Brown-Forman Corporation dividend safety faces its clearest pressure from the dividend's negative long-run growth trend, with the per-share rate declining over the 2005–2025 window, which limits confidence in sustained increases even if the current payout ratio looks manageable.
Brown-Forman Corporation dividend history shows a CAGR of -3.9% per year from 2005 to 2025. Per-share payments moved from $2.0300 at the start of the window to $0.9120 by 2025 (2026 is a partial year and excluded from this calculation). The largest single-year increase in the window was 153.9% in 2007, but the history also contains at least one year-over-year decline exceeding 5%, and the overall trajectory is negative. Growth is slow, and over two decades the trend has run in reverse.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.7% | $0.77 (2022) | $0.91 (2025) |
| 5-Year | +5.4% | $0.70 (2020) | $0.91 (2025) |
| 10-Year | -9.8% | $2.57 (2015) | $0.91 (2025) |
BF-B stock fits income-focused investors who want moderate, low-volatility exposure to the global spirits industry rather than aggressive dividend growth. The current yield of 3.59% falls within the moderate (2–4%) range, and it sits below the 5-year average yield of 3.98%, meaning the stock is currently offering less income than its own recent norm. The 59.1% payout ratio provides a reasonable cushion today, but the negative long-run CAGR of -3.9% is a real trade-off. What an investor gets is a low-beta income stream backed by recognizable brands like Jack Daniel's. What they accept is a dividend that has shrunk in real per-share terms over the past two decades.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-03 | $0.2310 |
| 2026-06-10 | $0.2310 |
| 2026-03-09 | $0.2310 |
| 2025-12-05 | $0.2310 |
| 2025-09-03 | $0.2270 |
| 2025-06-09 | $0.2270 |
| 2025-03-07 | $0.2270 |
| 2024-12-06 | $0.2265 |
| 2024-09-03 | $0.2178 |
| 2024-06-07 | $0.2178 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.6930 |
| 2025 | $0.9120 |
| 2024 | $0.8799 |
| 2023 | $0.8343 |
| 2022 | $0.7730 |
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