Constellation Brands Inc (STZ) to Issue Quarterly Dividend of $1.03 on August 13th

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

Constellation Brands has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Constellation Brands has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 2.1%

Shares of STZ opened at $136.16 on Thursday. Constellation Brands has a fifty-two week low of $126.45 and a fifty-two week high of $178.13. The business has a 50-day moving average of $145.47 and a 200 day moving average of $150.16. The firm has a market cap of $23.45 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 4.10 and a beta of 0.39. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.69 by ($0.26). The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.97%. Constellation Brands’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, research analysts forecast that Constellation Brands will post 11.78 EPS for the current year.

About Constellation Brands

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.