Brown-Forman's board approved a regular quarterly cash dividend of 32 cents a share Thursday at a meeting after the company's annual shareholders' gathering in Louisville.
At the annual meeting, CEO Paul Varga highlighted the liquor company's continued growth and expansion through brand innovation and geographic expansion. Brown-Forman's brands include Jack Daniel's Tennessee Whiskey, Southern Comfort, Finlandia, Jack Daniel's and Cola, Canadian Mist, Korbel, Sonoma-Cutrer and Woodford Reserve among others.
William M. Street retired from the board Thursday after 40 years as a company director. "Bill Street's long service to Brown-Forman as both an executive and board member will be remembered and appreciated by everyone associated with the company," said board chairman Garvin Brown. "Brown-Forman enjoys the success and reputation it does today in part because of Bill's leadership and contributions over the past 40-plus years."