Constellation Brands Inc (NYSE:STZ) Announces Quarterly Dividend of $1.03

Constellation Brands Inc (NYSE:STZGet Free Report) announced a quarterly dividend on Tuesday, June 30th. Shareholders of record on Thursday, July 30th will be paid a dividend of 1.03 per share on Thursday, August 13th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 30th.

Constellation Brands has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Constellation Brands has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Constellation Brands to earn $12.28 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 33.6%.

Constellation Brands Stock Down 0.4%

Shares of STZ opened at $139.11 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. The firm has a market cap of $23.95 billion, a P/E ratio of 14.51, a P/E/G ratio of 4.12 and a beta of 0.39. The stock has a 50 day simple moving average of $145.94 and a two-hundred day simple moving average of $150.26. Constellation Brands has a 1 year low of $126.45 and a 1 year high of $178.13.

Constellation Brands (NYSE:STZGet Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.23. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, analysts forecast that Constellation Brands will post 11.78 earnings per share for the current fiscal year.

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Constellation Brands Company Profile

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Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

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Dividend History for Constellation Brands (NYSE:STZ)

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