Brown-Forman (NYSE:BFB) Trading 0.2% Higher

Brown-Forman Corp. (NYSE:BFB) shares traded up 0.2% during mid-day trading on Thursday . The company traded as high as $62.77 and last traded at $62.59, 297,730 shares changed hands during trading. The stock had previously closed at $62.44.

Separately, Evercore ISI lowered shares of Brown-Forman from an “in-line” rating to an “underperform” rating in a research report on Thursday, September 19th. They noted that the move was a valuation call.

The stock has a 50-day moving average of $61.71.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a dividend of $0.166 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%.

About Brown-Forman (NYSE:BFB)

Brown-Forman Corp. engages in the production and distribution of alcoholic beverages. The firm also offers champagne, liqueur, scotch, tequila, vodka, whiskey and wine. Its brands include Jack Daniel, Finlandia, Herradura, El Jimador, New Mix, Canadian Mist, Chambord, Woodford Reserve, Sonoma Cutrer and Korbel.

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