Brown-Forman Corporation

BF-B38 yrs growth

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

$28.51

Fairly valued · -10% Add to Portfolio

Forward Yield

3.19%

Annual Dividend

$0.92

Payout Ratio

59%

5-Yr Growth

5.4%

Ex-Date

Sep 3, 2026

Frequency

Quarterly

Key facts about BF-B's dividend

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

As of Oct 28, 2026, Brown-Forman Corporation (BF-B) has a forward dividend yield of 3.19%, based on an annual dividend of $0.92 per share and a share price of $28.51.
As of Oct 28, 2026, BF-B's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Brown-Forman Corporation (BF-B) 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-B has never cut its regular dividend in the payment history SmarterDividends has on record.
BF-B's most recent ex-dividend date was Sep 3, 2026, for a dividend of $0.23 per share.
As of Oct 28, 2026, BF-B pays out 59% of its trailing 12-month earnings as dividends (its payout ratio).
BF-B's dividend has grown at an average rate of 5.4% a year over the past five years.
As of Oct 28, 2026, BF-B's 3.19% yield is 64% above its five-year average yield of 1.95%.
As of Oct 28, 2026, SmarterDividends' blended fair-value estimate for BF-B is $25.59 per share, 10% below the $28.51 share price, so BF-B screens as fairly valued.
Brown-Forman Corporation (BF-B) pays its dividend quarterly, 4 times a year.
Brown-Forman Corporation (BF-B) has raised its regular dividend 42 times and cut it 2 times across the 166 payments on record since 1985. Its most recent change was a 1.8% increase to $0.231 per share, going ex-dividend on Dec 5, 2025. The last cut went ex-dividend on Mar 9, 1987.
Brown-Forman (BF-B) has declared its first higher dividend of the year in November in 3 of the last 5 years; its most recent raise, 1.8%, was paid from the dividend that went ex-dividend on Dec 5, 2025.

Cite this page

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

Summary

As of Oct 28, 2026, Brown-Forman Corporation (BF-B) yields 3.19% ($0.92 a year per share), has a dividend safety grade of A (90/100) and has 38 consecutive years of dividend increases on record.

Is BF-B a good dividend stock?

Yes

Brown-Forman Corporation (BF-B) pays a quarterly dividend yielding 3.19% ($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: 3.19%
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: $13.1B
P/E Ratio: 18.4
5-Yr Total Return: -58%
52-Week Range: $22.61 – $31.92
Dividend Safety: A · 90/100
Ever Cut?: No

BF-B dividend raises and cuts

Brown-Forman Corporation (BF-B) has raised its regular dividend 42 times and cut it 2 times across the 166 payments on record since 1985. Its most recent change was a 1.8% increase to $0.231 per share, going ex-dividend on Dec 5, 2025. The last cut went ex-dividend on Mar 9, 1987.

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%
Dec 6, 2017	Raise	$0.146 → $0.158	+8.2%
Nov 30, 2016	Raise	$0.136 → $0.146	+7.6%
Dec 1, 2015	Raise	$0.126 → $0.136	+7.9%
Dec 2, 2014	Raise	$0.116 → $0.126	+8.6%

Show all 44 changes since 1986

Ex-date	Change	Old → new	Move
Dec 2, 2013	Raise	$0.102 → $0.116	+13.7%
Dec 3, 2012	Raise	$0.0932 → $0.102	+9.4%
Dec 2, 2011	Raise	$0.0853 → $0.0933	+9.4%
Dec 3, 2010	Raise	$0.0800 → $0.0853	+6.7%
Dec 3, 2009	Raise	$0.0768 → $0.0800	+4.2%
Dec 4, 2008	Raise	$0.0725 → $0.0768	+5.9%
Dec 3, 2007	Raise	$0.0646 → $0.0725	+12.2%
Nov 30, 2006	Raise	$0.0597 → $0.0646	+8.2%
Dec 1, 2005	Raise	$0.0523 → $0.0597	+14.3%
Dec 2, 2004	Raise	$0.0454 → $0.0523	+15.0%
Mar 4, 2004	Raise	$0.0453 → $0.0454	+0.2%
Dec 3, 2003	Raise	$0.0400 → $0.0453	+13.3%
Dec 4, 2002	Raise	$0.0373 → $0.0400	+7.1%
Dec 3, 2001	Raise	$0.0352 → $0.0373	+6.1%
Dec 4, 2000	Raise	$0.0331 → $0.0352	+6.5%
Dec 1, 1999	Raise	$0.0315 → $0.0331	+5.1%
Dec 2, 1998	Raise	$0.0299 → $0.0315	+5.4%
Dec 3, 1997	Raise	$0.0288 → $0.0299	+3.7%
Dec 5, 1996	Raise	$0.0277 → $0.0288	+3.8%
Nov 30, 1995	Raise	$0.0265 → $0.0277	+4.8%
Nov 28, 1994	Raise	$0.0254 → $0.0265	+4.2%
Jun 8, 1994	Raise	$0.0252 → $0.0254	+0.6%
Nov 30, 1993	Raise	$0.0242 → $0.0252	+4.4%
Nov 30, 1992	Raise	$0.0217 → $0.0242	+11.5%
Dec 2, 1991	Raise	$0.0199 → $0.0217	+8.9%
Dec 7, 1990	Raise	$0.0185 → $0.0199	+7.7%
Dec 4, 1989	Raise	$0.0149 → $0.0185	+23.8%
Nov 28, 1988	Raise	$0.0121 → $0.0149	+23.5%
Nov 30, 1987	Raise	$0.0066 → $0.0121	+82.1%
Mar 9, 1987	Cut	$0.0073 → $0.0066	−9.7%
Dec 1, 1986	Cut	$0.0110 → $0.0073	−33.3%
Jun 2, 1986	Raise	$0.0089 → $0.0110	+23.8%

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

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

Frequently Asked Questions

Is BF-B a good dividend stock?

Yes. Brown-Forman Corporation (BF-B) pays a quarterly dividend yielding 3.19% ($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-B undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BF-B's fair value is about $25.59 versus a $28.51 share price — so it looks fairly valued (-10% vs. fair value).

Is BF-B's dividend safe?

BF-B has a dividend-safety grade of A (90/100), 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-B's fair value?

Our blended fair-value estimate for BF-B is about $25.59 per share, about 10% below the current $28.51 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

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

We don't issue formal ratings, but on the data BF-B screens as "yes" and fairly valued. Brown-Forman Corporation (BF-B) pays a quarterly dividend yielding 3.19% ($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-B cut its dividend?

BF-B earns a dividend-safety grade of A (90/100), 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-B pay a dividend?

Yes. Brown-Forman Corporation pays a quarterly dividend of about $0.92 per share annually, a forward yield of roughly 3.19%.

What is BF-B's dividend yield?

As of Oct 28, 2026, BF-B's forward dividend yield is 3.19%, based on a $0.92 annual dividend and a $28.51 share price.

What is BF-B's dividend per share?

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

What is BF-B's dividend payout ratio?

As of Oct 28, 2026, BF-B'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-B grown its dividend?

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

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

As of Oct 28, 2026, BF-B'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-B 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