We recently compiled a list of the 10 Stocks Lead Wednesday’s Charge, Mirror Broader Gains. In this article, we are going to take a look at where Brown-Forman Corporation (NYSE:BF-B) stands against the other stocks.
US shares stayed firmer on Wednesday, with all major indices finally eking out gains as President Donald Trump softened on trade restrictions for three large automakers, reviving hopes that the trade war may not be as bad as it seemed.
The Dow Jones grew 1.14 percent, the S&P 500 rose by 1.12 percent, while the tech-heavy Nasdaq jumped 1.46 percent.
On Wednesday, the White House granted three large automakers a one-month exemption from tariffs after a call with the president, sending their share prices higher during the session.
Ten firms also mirrored the broader optimism, posting strong gains during the day. In this article, we have listed the 10 names and detailed the reasons behind their performance.
To come up with Wednesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A winemaker examining a glass of red wine from a barrel in a cellar.
Brown-Forman Corporation (NYSE:BF-B)
Brown-Forman Corporation (NYSE:BF-B) grew its share prices by 10.09 percent on Wednesday to end at $35.99 apiece as investors scrambled to snap up shares in the company ahead of its dividend payout to shareholders of record date March 7, 2025.
In its latest earnings release, Brown-Forman Corporation (NYSE:BF-B) declared a cash dividend of $0.2265 per share on its Class A and B common shares, payable on April 1, 2025.
Brown-Forman Corporation (NYSE:BF-B), a member of the S&P 500 Dividend Aristocrats Index, boasts itself as a regular payer of quarterly cash dividends for 81 consecutive years. It said that it has increased the regular dividend for its shareholders for 41 consecutive years.
Despite dismal earnings performance last year, with net income falling by 6 percent and net sales by dropping 3 percent year-on-year, the company remains optimistic to post growth for the fiscal year 2025.
According to Brown-Forman Corporation (NYSE:BF-B), organic net sales are expected to settle between 2 to 4 percent.
Overall BF-B ranks 7th on our list of Wednesday’s top gainers. While we acknowledge the potential of BF-B as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BF-B but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
