Brown-Forman Corp. (NYSE:BFB) shares traded down 0.7% on Thursday . The company traded as low as $63.30 and last traded at $63.36, 332,698 shares traded hands during mid-day trading. The stock had previously closed at $63.78.

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

The firm has a 50 day moving average price of $65.46.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.1743 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Brown-Forman’s previous quarterly dividend of $0.17.

Brown-Forman Company Profile (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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