Brown-Forman Corporation
BF-A38 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
3.42%
Annual Dividend
$0.92
Payout Ratio
59%
5-Yr Growth
5.4%
Ex-Date
Sep 3, 2026
Frequency
Quarterly
Summary
As of September 2026, Brown-Forman Corporation (BF-A) yields 3.42% ($0.92 per share annually), with a blended fair-value estimate of $42.35 — +56% upside, so it screens as undervalued. Dividend safety grade: A (90/100). 38 years of dividend growth.
Is BF-A a good dividend stock?
YesBrown-Forman Corporation (BF-A) pays a quarterly dividend yielding 3.42% ($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
- 3.42%
- 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
- 0.33
- Market Cap
- $12.2B
- P/E Ratio
- 17.2
- 5-Yr Total Return
- -57%
- 52-Week Range
- $23.01 – $31.14
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
BF-A Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
-54%
5 Years
-57%
52-Week Range
$23.01 – $31.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BF-A worth?
Undervaluedlow confidenceOur blended fair-value estimate for Brown-Forman Corporation is $42.35 per share, versus a market price of $27.13. That implies 56% of upside — a margin of safety of about 36%.
Fair Value
$42.35
Current Price
$27.13
Upside
+56%
Margin of Safety
36%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 3.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 3.1% stage-1 growth, 2.5% terminal growth, $1.55 EPS, $0.92 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BF-A Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 3, 2026 | — | $0.2310 | regular |
| Jun 10, 2026 | — | $0.2310 | regular |
| Mar 9, 2026 | — | $0.2310 | regular |
| Dec 5, 2025 | — | $0.2310 | regular |
| Sep 3, 2025 | — | $0.2270 | regular |
| Jun 9, 2025 | — | $0.2270 | regular |
| Mar 7, 2025 | — | $0.2270 | regular |
| Dec 6, 2024 | — | $0.2270 | regular |
| Sep 3, 2024 | — | $0.2180 | regular |
| Jun 7, 2024 | — | $0.2180 | regular |
| Mar 7, 2024 | — | $0.2180 | regular |
| Nov 30, 2023 | — | $0.2180 | regular |
| Sep 1, 2023 | — | $0.2060 | regular |
| Jun 7, 2023 | — | $0.2060 | regular |
Income Calculator
At $0.92 / yr per share
