Last week Brown-Forman announced an increase of the quarterly dividend from $0,166 to $0,1743. This is an increase of 5,0%.
As a result of this dividend increase my yearly estimated dividend income will increase by $0,75.
My yield on cost based on the new dividend is 1,90%. The current yield of Brown-Forman is 0,99%.
Since starting my position in Brown-Forman in 2017 I received €52,21 in dividends.
It’s cool to receive growing dividend from this whisky producer (Jack Daniels) while I totally don’t like drinking whisky, but I like investing in this company owning strong spirit brands.