Constellation Brands (STZ) will raise its quarterly dividend by 1.4 percent to $0.75 per share in the second quarter of 2019. This marks the 4th consecutive year of dividend increases by the beverage company and follows double digit increases in the previous three years.

The next dividend will be paid on May 24, 2019 to shareholders of record on May 10, 2019. The annual dividend yields approximately 1.7% at a stock price of $190.

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.