Brown Forman Inc Class A Common Stock's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Brown Forman Inc Class A Common Stock (NYSE:BF) announced a quarterly dividend of 20.55 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock before the ex-dividend date are eligible for the dividend payout, which will be distributed on July 3, 2023.
June 02, 2023 | 2:46 pm
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Brown Forman Inc's stock will likely trade lower on the ex-dividend date, reflecting the 20.55 cents per share dividend payout.
The stock will likely trade lower on the ex-dividend date as it adjusts for the dividend payout. This is a common occurrence for stocks when they go ex-dividend, as the market adjusts the stock price to account for the dividend distribution. In this case, the stock will likely open 20.55 cents lower than it would have on any other day, reflecting the dividend payout.
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