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Here's a quiz, can you name the company that makes Jack Daniel's Whiskey, Finlandia Vodka and Southern Comfort liqueur?



It's Brown-Forman of Louisville Kentucky, and here's something else you may not know. Brown-Forman is a dividend aristocrat -- that means it has raised its dividend for at least 25 consecutive years. Actually, in Brown Forman's case, it's 27 years.



As you can see from this chart, Brown-Forman's dividend has been rising sharply in recent years. In fact, it's annual dividend growth rate over the past five years has been an impressive 21 per cent, according to Bloomberg.



Now, I like the booze business, because it produces reasonably steady profits in good times and bad. People may trade down to cheaper brands, but they won't stop drinking.



Another nice thing about Brown-Forman is that it pays a special dividend every few years. In 2007, it paid $1.32 a share, and last December it paid a dollar -- that's over and above it's regular quarterly dividends.



Now, as you can see from this chart, the stock had a big run lately and it's not exactly cheap at more than 18 times forward earnings. And the dividend yield of 1.8 per cent isn't huge.



So you may want to wait for a better entry point is you're thinking about buying the stock.

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