Brown-Forman Corporation, a renowned
Dividend Aristocrat, showcased a significant upsurge on Wednesday. Their noteworthy achievement in
increasing the cash dividend for the
41st consecutive year, thereby extending an 81-year dividend streak, led to an upgrade in rating and labeled the company among the best alcohol stocks. Despite some quarterly decline and mediocre numbers termed as ‘abysmal’ by Jim Cramer, the corporation also announced a new distributor partnership with
Reyes Beverage Group in California. The continuing fiscal growth confirms a solid long-term outlook. The shareholders elected directors and the board reaffirmed the declaration of
cash dividends. Their tactical acquisition of Diplomático Rum Brand, an attractive valuation post a job cut of 12%, implemented changes in its European leadership, and a commendable $400 million share repurchase topped off the corporate achievements. Moreover, they welcomed a new Chief Accounting Officer, declared beneficial stakeholder actions, and secured equity ownership in The Duckhorn Portfolio, Inc. The slowing sales and flat earnings proved temporary as the corporation bounced back with enhanced dividends, rendering the stock worth considering.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Sat, 08 Mar 2025 08:00:00 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor 1
