Constellation Brands Inc (NYSE:STZ) to Issue $1.03 Quarterly Dividend

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

Constellation Brands has increased its dividend by an average of 0.1%per year 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

STZ stock opened at $139.11 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. The business has a 50-day simple moving average of $145.94 and a two-hundred day simple moving average of $150.26. The company has a market capitalization of $23.95 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 4.12 and a beta of 0.39. Constellation Brands has a 52-week low of $126.45 and a 52-week high of $178.13.

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