AGM/EGMJul 23, 2026, 04:23 PM
Brown-Forman Declares $0.2310 Quarterly Dividend; Stockholders Elect Directors
AI Summary
Brown-Forman Corporation held its Annual Meeting of Stockholders, where all director nominees were elected, executive compensation was approved on an advisory basis, and Ernst & Young LLP was ratified as the independent auditor for fiscal 2027. Following the meeting, the Board of Directors approved a regular quarterly cash dividend of $0.2310 per share, payable on October 1, 2026. The company also noted the ongoing succession process for President and CEO Lawson Whiting, who previously announced his retirement.
Key Highlights
- Brown-Forman declared a regular quarterly cash dividend of $0.2310 per share.
- The dividend is payable on October 1, 2026, to stockholders of record on September 3, 2026.
- All director nominees proposed by the Board were elected by Class A common stockholders.
- Executive compensation was approved on a non-binding advisory basis with 134,285,645 votes For.
- Ernst & Young LLP was ratified as the independent auditor for fiscal 2027 with 161,754,059 votes For.
- The company has paid regular quarterly cash dividends for 82 consecutive years and increased them for 42 years.
- President and CEO Lawson Whiting's succession process is underway, considering internal and external candidates.
Price Impact
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