Brown‑Forman Corporation (NYSE: BFA, BFB) stockholders convened this week for their annual meeting, where they elected the slate of directors recommended by the Board of Directors, as submitted in the company’s 2026 Proxy Statement. 

The stockholders also approved the compensation of the company’s named executive officers on a non-binding advisory basis and ratified the selection of Ernst & Young LLP as Brown‑Forman’s independent registered public accounting firm for fiscal 2027. 

In a subsequent meeting, the Board of Directors approved a regular quarterly cash dividend of $0.2310 per share on its Class A and Class B Common Stock. The dividend is payable on October 1, 2026, to stockholders of record on September 3, 2026. Brown‑Forman, a member of the S&P 500 Dividend Aristocrats, has paid regular quarterly cash dividends for 82 consecutive years and has increased the regular cash dividend for 42 consecutive years.

“Brown‑Forman’s true strength has always been our ability to innovate for the future while honoring the legacy that built our company,” Marshall B. Farrer, Chairman of the Board, Brown‑Forman, said in a news release. “In a rapidly changing global market, we succeed by balancing near-term agility with long-term stewardship. Guided by our core values of integrity, respect, trust, teamwork, and excellence, we remain fully focused on creating sustainable, generational value for all shareholders and ensuring our founder’s promise of ‘Nothing Better in the Market’ guides every chapter we write.”  

President and CEO Lawson Whiting added, “Brown‑Forman’s enduring legacy is built on the strength of our world-class portfolio, our long-term performance mindset, and our timeless values. Above all, our longevity is a testament to our exceptional people worldwide, whose dedication and ingenuity bring our portfolio to life every single day.”  

Commenting on his previously announced decision to retire upon the appointment of a successor, Whiting continued, “We are entering this transition from a position of financial and operational strength, backed by a seasoned leadership team, an unmatched portfolio, and a global organization with immense depth and talent. As we look forward, our focus remains squarely on executing our near-term strategic priorities while maintaining the capital discipline required to drive consistent, long-term value for our shareholders.”  

The succession process, led by the Corporate Governance and Nominating Committee of the Board and chaired by Tracy Skeans, will consider both internal and external candidates. To ensure business continuity, Whiting will remain available to serve in an advisory capacity for a period of time as needed following the appointment of a successor.

Read more: Brown‑Forman President & CEO Lawson Whiting to Retire

About Brown‑Forman Corporation

Brown-Forman Corporation has been building spirits brands for more than 150 years, with a team of approximately 5,400 employees worldwide. The company distributes beverages in more than 170 countries. Learn more at brown-forman.com.