Constellation Brands hikes dividend by 5.3%

Constellation Brands (STZ) will raise its quarterly dividend by 5.3 percent to 80 cents per share in 2022. This comes after a much small dividend hike of 1.3 percent to 76 cents per share in 2021. Last year STZ announced the first dividend hike since 2019. 

The next STZ dividend will be paid on May 19, 2022 to shareholders of record on May 5, 2022. The annual dividend rate of $3.20 per share yields approximately 1.3% at a stock price of $242. Based on calculations by dividendhike.com Constellation Brands now pays an estimated $600 million in dividends to shareholders annually.

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.