Constellation Brands (STZ) will pay its first ever dividend in the second quarter of 2015.
The quarterly dividend of $0.31 per share translates into a dividend yield of 1% at the current stock price of $119. The first dividend will be paid on May 22, 2015 to shareholders of record on May 8, 2015.
Constellation Brands, Inc. is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Constellation's imported brands include Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Pacifico and Ballast Point. In addition, Constellation is the world leader in premium wine, selling brands including Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Black Box, Ruffino and The Prisoner. The company’s premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.