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Data last updated: May 31, 2026
Snapshot (as of May 31, 2026): Brown-Forman Corporation (BF-B) pays a $0.92 annual dividend ($0.23 quarterly), yielding 3.56% at $25.76/share. Next ex-dividend date 2026-03-09. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.56%
Annual Dividend: $0.92 per share
Payout Ratio: 53.0%
Ex-Dividend Date: 2026-03-09
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 on brands like Jack Daniel's, Herradura, and Old Forester. BF-B currently pays a 3.56% dividend yield. Shareholders receive $0.9160 per share annually in quarterly payments, with the next ex-dividend date on March 9, 2026. A beta of 0.346 points to low price volatility, which suits income-focused investors who prioritize a steady payout over aggressive capital gains.
Brown-Forman Corporation pays out 53.0% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer of retained earnings, and the company's portfolio of spirits, bourbons, and tequilas spans multiple price points and geographies, supporting recurring demand across its distribution network. Brown-Forman Corporation dividend safety faces its clearest pressure from the data-confirmed year-over-year declines in the dividend history window, which show the payout is not unconditionally protected when business conditions shift.
Brown-Forman Corporation dividend history shows a CAGR of -3.9% per year from 2005 to 2025. Per-share payments moved from $2.0300 in 2005 to $0.9120 in 2025 (with 2026 partial year data excluded from this calculation). The largest annual increase in the window was 153.9% in 2007, but the overall trend across the full period is negative. Growth is slow, and the direction over two decades is down.
| 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 exposure to a globally distributed spirits business with a moderate current yield and low price volatility. At 3.56%, the yield falls within the moderate (2–4%) range and sits below the 5-year average of 3.98%, meaning buyers today are accepting a below-average yield by recent standards. The 53.0% payout ratio provides a reasonable earnings cushion, but the negative long-term CAGR of -3.9% is a real trade-off: the dividend has not grown in real terms over the past two decades. What an investor gets here is a low-beta income stream from a recognizable brand portfolio. What they give up is dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-03-07 | $0.2178 |
| 2023-11-30 | $0.2178 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.2310 |
| 2025 | $0.9120 |
| 2024 | $0.8799 |
| 2023 | $0.8343 |
| 2022 | $0.7730 |
Project income from BF-B with the BF-B dividend calculator or track your full portfolio with the dividend tracker.