Brown-Forman Delares Special Cash Dividend of $4.00 Per Share
2012年11月27日 - 8:50PM
ビジネスワイヤ(英語)
Brown-Forman Corporation’s (NYSE: BFA)(NYSE: BFB) Board of
Directors has declared a special cash dividend of $4.00 per share
on its Class A and Class B Common Stock that will be paid on
December 27, 2012 to stockholders of record on December 12, 2012.
This special cash dividend is in addition to the 9.3% increase in
the company’s regular cash dividend announced by the company on
November 15, 2012.
Brown-Forman Chief Executive Officer Paul Varga said, “We
believe this special dividend is the best utilization of the
company's strong balance sheet at this time. Along with our
recently announced increase in the regular dividend, this return of
cash to shareholders reinforces our belief in the health of our
business and our commitment to deploy its strong cash generation in
the most effective and efficient manner.”
Varga added, “The company chose to make this payment in calendar
2012 because of the uncertainty surrounding future dividend tax
rates. Even after this special dividend, we retain ample capital
capacity to make long-term investments in our business, such as the
current expansion of the Jack Daniel Distillery and strategic
acquisitions."
For more than 140 years, Brown-Forman Corporation has enriched
the experience of life by responsibly building fine quality
beverage alcohol brands, including Jack Daniel’s Tennessee Whiskey,
Southern Comfort, Finlandia, Jack Daniel’s & Cola, Canadian
Mist, Korbel, Gentleman Jack, el Jimador, Herradura, Sonoma-Cutrer,
Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman’s
brands are supported by nearly 4,000 employees and sold in
approximately 160 countries worldwide. For more information about
the Company, please visit http://www.brown-forman.com/.
Important Information on Forward-Looking Statements:
This report contains statements, estimates, and projections that
are "forward-looking statements" as defined under U.S. federal
securities laws. Words such as “aim,” “anticipate,” “aspire,”
“believe,” “envision,” “estimate,” “expect,” “expectation,”
“intend,” “may,” “plan,” “potential,” “project,” “pursue,” “see,”
“will,” “will continue,” and similar words identify forward-looking
statements, which speak only as of the date we make them. Except as
required by law, we do not intend to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise. By their nature, forward-looking
statements involve risks, uncertainties and other factors (many
beyond our control) that could cause our actual results to differ
materially from our historical experience or from our current
expectations or projections. These risks and other factors include,
but are not limited to:
- declining or depressed global or
regional economic conditions, particularly in the Euro zone;
political, financial, or credit or capital market instability;
supplier, customer or consumer credit or other financial problems;
bank failures or governmental debt defaults
- failure to develop or implement
effective business, portfolio and brand strategies, including the
increased U.S. penetration and international expansion of Jack
Daniel’s Tennessee Honey, innovation, marketing and promotional
activity, and route-to-consumer
- unfavorable trade or consumer reaction
to our new products, product line extensions, price changes,
marketing, or changes in formulation, flavor or packaging
- inventory fluctuations in our products
by distributors, wholesalers, or retailers
- competitors’ consolidation or other
competitive activities such as pricing actions (including price
reductions, promotions, discounting, couponing or free goods),
marketing, category expansion, product introductions, entry or
expansion in our geographic markets
- declines in consumer confidence or
spending, whether related to the economy (such as austerity
measures, tax increases, high fuel costs, or higher unemployment),
wars, natural or other disasters, weather, pandemics, security
concerns, terrorist attacks or other factors
- changes in tax rates (including excise,
sales, VAT, tariffs, duties, corporate, individual income,
dividends, capital gains) or in related reserves, changes in tax
rules (e.g., LIFO, foreign income deferral, U.S. manufacturing and
other deductions) or accounting standards, and the unpredictability
and suddenness with which they can occur
- governmental or other restrictions on
our ability to produce, import, sell, price, or market our
products, including advertising and promotion in either traditional
or new media; regulatory compliance costs
- business disruption, decline or costs
related to organizational changes, reductions in workforce or other
cost-cutting measures
- lower returns or discount rates related
to pension assets, interest rate fluctuations, inflation or
deflation
- fluctuations in the U.S. dollar against
foreign currencies, especially the euro, British pound, Australian
dollar, Polish zloty or Mexican peso
- changes in consumer behavior or
preferences and our ability to anticipate and respond to them,
including societal attitudes or cultural trends that result in
reduced consumption of our products; reduction of bar, restaurant,
hotel or other on-premise business or travel
- consumer shifts away from spirits or
premium-priced spirits products; shifts to discount store purchases
or other price-sensitive consumer behavior
- distribution and other
route-to-consumer decisions or changes that affect the timing of
our sales, temporarily disrupt the marketing or sale of our
products, or result in implementation-related or higher fixed
costs
- effects of acquisitions, dispositions,
joint ventures, business partnerships or investments, or their
termination, including acquisition, integration or termination
costs, disruption or other difficulties, or impairment in the
recorded value of assets (e.g. receivables, inventory, fixed
assets, goodwill, trademarks and other intangibles)
- lower profits, due to factors such as
fewer or less profitable used barrel sales, lower production
volumes, decreased demand or inability to meet consumer demand for
products we sell, sales mix shift toward lower priced or lower
margin SKUs, or cost increases in energy or raw materials, such as
grain, agave, wood, glass, plastic, or closures
- natural disasters, climate change,
agricultural uncertainties, environmental or other catastrophes, or
other factors that affect the availability, price, or quality of
agave, grain, glass, energy, closures, plastic, water, or wood, or
that cause supply chain disruption or disruption at our production
facilities or aging warehouses
- negative publicity related to our
company, brands, marketing, personnel, operations, business
performance or prospects
- product counterfeiting, tampering,
contamination, or recalls and resulting negative effects on our
sales, brand equity, or corporate reputation
- significant costs or other adverse
developments stemming from class action, intellectual property,
governmental, or other major litigation; or governmental
investigations of beverage alcohol industry business, trade, or
marketing practices by us, our importers, distributors, or
retailers
For further information regarding these risks, please refer to
the “Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” sections of our
annual report on Form 10-K and quarterly reports on Form 10-Q filed
with the SEC.
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