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

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 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, October 30th.

Constellation Brands has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Constellation Brands has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Constellation Brands to earn $12.19 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 33.8%.

Constellation Brands Stock Up 2.1%

Shares of NYSE:STZ opened at $118.15 on Thursday. The company’s fifty day moving average is $126.03 and its two-hundred day moving average is $138.41. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. Constellation Brands has a 1-year low of $110.60 and a 1-year high of $168.60. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 2.30 and a beta of 0.44.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 25.17%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business posted $3.63 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities analysts anticipate that Constellation Brands will post 11.81 EPS for the current year.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.