	brown forman bfdb sets stock split ups payout brown forman inc said its board has approved a three for two stock split and a pct increase in the company cash dividend the company cited its improved ings outlook and continued strong cash flow as reasons for raising the dividend brown forman said the split of its class a and class b common shares would be effective march the company said directors declared a quarterly cash dividend on each new share of both classes of cts payable april one to holders of record march prior to the split the company had paid cts quarterly brown forman today reported a pct increase in third quarter profits to mln dlrs or dlr a share on a seven pct increase in sales to a record mln dlrs brown forman said nine month profits declined a bit to mln dlrs or dlrs a share from mln dlrs or dlrs a share a year earlier due to a second quarter charge of cts a share for restructuring its beverage operations the company said lower corporate tax rates and the restructuring are expected to substantially improve brown forman s ings and cash flow in fiscal reuter 
