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I typically look for 10 12% or higher in a business, and that indicates that Brown Forman gains a nice cash return for every dollar that it invests back into its business. Brown Forman was also able to turn more than $0.17 of every dollar of revenue straight into free cash flows last year.When you have a business that throws off a high amount of free cash flows, it typically leads to a well funded dividend. Brown Forman is a dividend champion with 34 consecutive years of increasing dividend payments.

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