Brown-Forman Corporation

BF-A38 yrs growth

Consumer Defensive · Beverages - Wineries & Distilleries · Stock · quarterly payer

$29.20

Undervalued · +19% Add to Portfolio

Forward Yield

3.10%

Annual Dividend

$0.92

Payout Ratio

59%

5-Yr Growth

5.4%

Ex-Date

Sep 3, 2026

Frequency

Quarterly

Key facts about BF-A's dividend

Data as of Oct 28, 2026 · Source: SmarterDividends data

As of Oct 28, 2026, Brown-Forman Corporation (BF-A) has a forward dividend yield of 3.10%, based on an annual dividend of $0.92 per share and a share price of $29.20.
As of Oct 28, 2026, BF-A's dividend safety grade from SmarterDividends is A (92 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Brown-Forman Corporation (BF-A) has raised its dividend for 38 consecutive years as of Oct 28, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
BF-A has never cut its regular dividend in the payment history SmarterDividends has on record.
BF-A's most recent ex-dividend date was Sep 3, 2026, for a dividend of $0.23 per share.
As of Oct 28, 2026, BF-A pays out 59% of its trailing 12-month earnings as dividends (its payout ratio).
BF-A's dividend has grown at an average rate of 5.4% a year over the past five years.
As of Oct 28, 2026, BF-A's 3.10% yield is 56% above its five-year average yield of 1.98%.
As of Oct 28, 2026, SmarterDividends' blended fair-value estimate for BF-A is $34.65 per share, 19% above the $29.20 share price, so BF-A screens as undervalued.
Brown-Forman Corporation (BF-A) pays its dividend quarterly, 4 times a year.
Brown-Forman Corporation (BF-A) has raised its regular dividend 42 times and cut it 0 times across the 161 payments on record since 1987. Its most recent change was a 1.8% increase to $0.231 per share, going ex-dividend on Dec 5, 2025.
Brown-Forman (BF-A) has declared its first higher dividend of the year in November in 4 of the last 5 years; its most recent raise, 1.8%, was declared on Nov 19, 2025.

Cite this page

SmarterDividends, "BF-A Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 28, 2026, https://smarterdividends.com/stocks/BF-A

Summary

As of Oct 28, 2026, Brown-Forman Corporation (BF-A) yields 3.10% ($0.92 a year per share), has a dividend safety grade of A (92/100) and has 38 consecutive years of dividend increases on record.

Is BF-A a good dividend stock?

Yes

Brown-Forman Corporation (BF-A) pays a quarterly dividend yielding 3.10% ($0.92/yr), with 38 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

Dividend Aristocrat — 38 consecutive years of growth
Never cut its dividend on record
Comfortable payout ratio (59%)
Strong 5.4% 5-yr dividend growth
Top-tier dividend safety score

Risks

Share price is down over the past 5 years

Key Data

Dividend Yield: 3.10%
Payout Ratio: 59%
Annual Dividend: $0.92
5-Yr Avg Growth: 5.4%
Ex-Dividend Date: Sep 3, 2026
Years of Growth: 38
Frequency: quarterly
Beta: 0.32
Market Cap: $13.4B
P/E Ratio: 18.8
5-Yr Total Return: -54%
52-Week Range: $23.01 – $31.14
Dividend Safety: A · 92/100
Ever Cut?: No

BF-A dividend raises and cuts

Brown-Forman Corporation (BF-A) has raised its regular dividend 42 times and cut it 0 times across the 161 payments on record since 1987. Its most recent change was a 1.8% increase to $0.231 per share, going ex-dividend on Dec 5, 2025.

Ex-date	Change	Old → new	Move
Dec 5, 2025	Raise	$0.227 → $0.231	+1.8%
Dec 6, 2024	Raise	$0.218 → $0.227	+4.1%
Nov 30, 2023	Raise	$0.206 → $0.218	+5.8%
Dec 1, 2022	Raise	$0.189 → $0.206	+9.0%
Dec 2, 2021	Raise	$0.180 → $0.189	+5.0%
Dec 3, 2020	Raise	$0.174 → $0.180	+3.4%
Dec 4, 2019	Raise	$0.166 → $0.174	+4.8%
Dec 6, 2018	Raise	$0.158 → $0.166	+5.1%
Mar 2, 2018	Raise	$0.118 → $0.158	+33.6%
Dec 6, 2017	Raise	$0.109 → $0.118	+8.2%
Nov 30, 2016	Raise	$0.102 → $0.109	+7.6%
Dec 1, 2015	Raise	$0.0941 → $0.102	+7.9%

Show all 42 changes since 1987

Ex-date	Change	Old → new	Move
Dec 2, 2014	Raise	$0.0866 → $0.0941	+8.6%
Dec 2, 2013	Raise	$0.0762 → $0.0866	+13.7%
Dec 3, 2012	Raise	$0.0696 → $0.0762	+9.4%
Dec 2, 2011	Raise	$0.0637 → $0.0697	+9.4%
Dec 3, 2010	Raise	$0.0597 → $0.0637	+6.7%
Dec 3, 2009	Raise	$0.0574 → $0.0597	+4.2%
Dec 4, 2008	Raise	$0.0542 → $0.0574	+5.9%
Dec 3, 2007	Raise	$0.0483 → $0.0542	+12.2%
Nov 30, 2006	Raise	$0.0446 → $0.0483	+8.2%
Dec 1, 2005	Raise	$0.0390 → $0.0446	+14.3%
Dec 2, 2004	Raise	$0.0339 → $0.0390	+15.0%
Mar 4, 2004	Raise	$0.0339 → $0.0339	+0.2%
Dec 3, 2003	Raise	$0.0299 → $0.0339	+13.3%
Dec 4, 2002	Raise	$0.0279 → $0.0299	+7.1%
Dec 3, 2001	Raise	$0.0263 → $0.0279	+6.1%
Dec 4, 2000	Raise	$0.0247 → $0.0263	+6.5%
Dec 1, 1999	Raise	$0.0235 → $0.0247	+5.1%
Dec 2, 1998	Raise	$0.0223 → $0.0235	+5.4%
Dec 3, 1997	Raise	$0.0215 → $0.0223	+3.7%
Dec 5, 1996	Raise	$0.0207 → $0.0215	+3.8%
Nov 30, 1995	Raise	$0.0198 → $0.0207	+4.8%
Nov 28, 1994	Raise	$0.0190 → $0.0198	+4.2%
Jun 8, 1994	Raise	$0.0189 → $0.0190	+0.6%
Nov 30, 1993	Raise	$0.0181 → $0.0189	+4.4%
Nov 30, 1992	Raise	$0.0162 → $0.0181	+11.5%
Dec 2, 1991	Raise	$0.0149 → $0.0162	+8.9%
Dec 7, 1990	Raise	$0.0138 → $0.0149	+7.7%
Dec 4, 1989	Raise	$0.0112 → $0.0138	+23.8%
Mar 3, 1989	Raise	$0.0090 → $0.0112	+23.5%
Nov 30, 1987	Raise	$0.0030 → $0.0090	+203.6%

Every BF-A payment →Download every raise and cut (CSV)

BF-A ex-dividend date & scheduleNext ex-date Sep 3, 2026 · full ex-dividend historyView →BF-A dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BF-A a good dividend stock?

Yes. Brown-Forman Corporation (BF-A) pays a quarterly dividend yielding 3.10% ($0.92/yr), with 38 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is BF-A undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BF-A's fair value is about $34.65 versus a $29.20 share price — so it looks undervalued (+19% vs. fair value).

Is BF-A's dividend safe?

BF-A has a dividend-safety grade of A (92/100), based on its payout coverage, free-cash-flow, 38-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is BF-A's fair value?

Our blended fair-value estimate for BF-A is about $34.65 per share, roughly 19% above the current $29.20 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BF-A a buy, hold, or sell?

We don't issue formal ratings, but on the data BF-A screens as "yes" and undervalued. Brown-Forman Corporation (BF-A) pays a quarterly dividend yielding 3.10% ($0.92/yr), with 38 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will BF-A cut its dividend?

BF-A earns a dividend-safety grade of A (92/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BF-A pay a dividend?

Yes. Brown-Forman Corporation pays a quarterly dividend of about $0.92 per share annually, a forward yield of roughly 3.10%.

What is BF-A's dividend yield?

As of Oct 28, 2026, BF-A's forward dividend yield is 3.10%, based on a $0.92 annual dividend and a $29.20 share price.

What is BF-A's dividend per share?

As of Oct 28, 2026, BF-A pays $0.92 per share per year, distributed on a quarterly basis.

What is BF-A's dividend payout ratio?

As of Oct 28, 2026, BF-A's payout ratio is 59% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has BF-A grown its dividend?

As of Oct 28, 2026, BF-A has increased its dividend for 38 consecutive years.

When is the next BF-A ex-dividend date?

As of Oct 28, 2026, BF-A's next ex-dividend date hasn't been announced. The most recent was Sep 3, 2026, for $0.23 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full BF-A dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 3, 2026	Oct 1, 2026	$0.2310	regular
Jun 10, 2026	Jul 1, 2026	$0.2310	regular
Mar 9, 2026	Apr 1, 2026	$0.2310	regular
Dec 5, 2025	Jan 2, 2026	$0.2310	regular
Sep 3, 2025	Oct 1, 2025	$0.2270	regular
Jun 9, 2025	Jul 1, 2025	$0.2270	regular
Mar 7, 2025	Apr 1, 2025	$0.2270	regular
Dec 6, 2024	Jan 2, 2025	$0.2270	regular
Sep 3, 2024	Oct 1, 2024	$0.2180	regular
Jun 7, 2024	Jul 1, 2024	$0.2180	regular
Mar 7, 2024	Apr 1, 2024	$0.2180	regular
Nov 30, 2023	Jan 2, 2024	$0.2180	regular
Sep 1, 2023	Oct 2, 2023	$0.2060	regular
Jun 7, 2023	Jul 3, 2023	$0.2060	regular