Constellation Brands (STZ) Initiates Qtr. Dividend at 31c/Share; Yields 1%

Constellation Brands (NYSE: STZ) initiated a quarterly dividend of $0.31 per share, or $1.24 annualized.

The dividend will be payable on May 22, 2015, to stockholders of record on May 8, 2015, with an ex-dividend date of May 6, 2015.

The annual yield on the dividend is 1 percent.

"The decision by Constellation's board of directors to initiate a dividend represents a significant milestone in the company's history and demonstrates confidence in our growth prospects, free cash flow generation and financial outlook over the long-term," said Rob Sands, president and chief executive officer, Constellation Brands. "This dividend program reinforces our commitment to delivering value to our shareholders, while continuing to invest in our business and maintaining our targeted leverage range."

For a dividend history and other dividend-related data on Constellation Brands (STZ) click here.

You May Also Be Interested In

• Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield
• Z Squared outlines AI power strategy and Paradox Data acquisition
• Columbia Banking System (COLB) Declares $0.37 Quarterly Dividend; 4.6% Yield