Brown-Forman lifts quarterly dividend to 30 cents

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November 16, 2009 04:51 PM EST | AP

LOUISVILLE, Ky. — Brown-Forman said Monday its board of directors raised the company's quarterly cash dividend by 4.3 percent to 30 cents per share on its class A and class B stock.

Stockholders of record at Dec. 7 will receive the cash dividend on Jan. 4.

The dividend boost will raise the annual cash dividend by 5 cents to $1.20 per share.

Shares of Brown-Forman added 31 cents to close at $51.30.