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Brown-Forman Declares Cash Dividend

May 23, 2019

LOUISVILLE, Ky.--(BUSINESS WIRE)--May 23, 2019--

Brown-Forman Corporation’s (NYSE: BFA) (NYSE: BFB) Board of Directors declared a regular quarterly cash dividend of $0.166 cents per share on its Class A and Class B Common Stock. Stockholders of record on June 6, 2019 will receive the cash dividend on July 1, 2019.

Brown-Forman has paid regular quarterly cash dividends for 73 consecutive years and has increased the dividend 35 consecutive years. Brown-Forman is a member of the prestigious Standard & Poor’s 500 Dividend Aristocrats Index, which is composed of companies that have increased their cash dividend every year for at least 25 years.

For nearly 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Jack Daniel’s Tennessee Fire, Gentleman Jack, Jack Daniel’s Single Barrel, Finlandia, Korbel, el Jimador, Woodford Reserve, Old Forester, Canadian Mist, Herradura, New Mix, Sonoma-Cutrer, Early Times, Chambord, BenRiach, GlenDronach and Slane. Brown-Forman’s brands are supported by over 4,800 employees and sold in more than 170 countries worldwide. For more information about the company, please visit  http://www.brown-forman.com/.

Important Information on Forward-Looking Statements:

This press release contains statements, estimates, and projections that are “forward-looking statements” as defined under U.S. federal securities laws. Words such as “aim,” “anticipate,” “aspire,” “believe,” “can,” “continue,” “could,” “envision,” “estimate,” “expect,” “expectation,” “intend,” “may,” “might,” “plan,” “potential,” “project,” “pursue,” “see,” “seek,” “should,” “will,” “would,” and similar words indicate forward-looking statements, which speak only as of the date we make them. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections. These risks and uncertainties include, but are not limited to:

For further information on these and other risks, please refer to the “Risk Factors” section of our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005693/en/

CONTACT: Rob Frederick

Vice President

Corporate Communications

502-774-7707Jay Koval

Vice President

Investor Relations

502-774-6903

KEYWORD: UNITED STATES NORTH AMERICA KENTUCKY

INDUSTRY KEYWORD: RETAIL WINE & SPIRITS

SOURCE: Brown-Forman Corporation

Copyright Business Wire 2019.

PUB: 05/23/2019 01:51 PM/DISC: 05/23/2019 01:51 PM

http://www.businesswire.com/news/home/20190523005693/en

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