Constellation Brands Inc (STZ) To Go Ex-Dividend on October 30th

Constellation Brands Inc (NYSE:STZ) announced a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, October 30th will be given a dividend of $1.03 per share on Friday, November 13th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, October 30th.

Constellation Brands has increased its dividend payment 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. Analysts expect Constellation Brands to earn $12.04 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 34.2%.

Constellation Brands Trading Down 3.7%

Constellation Brands stock opened at $130.58 on Wednesday. The company has a market capitalization of $22.10 billion, a PE ratio of 11.71 and a beta of 1.75. Constellation Brands has a 12 month low of $110.60 and a 12 month high of $168.60. The stock has a 50-day moving average price of $125.44 and a two-hundred day moving average price of $142.11.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business posted $3.63 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, analysts predict that Constellation Brands will post 11.85 earnings per share for the current fiscal year.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.