Constellation Brands (NYSE: STZ) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 29% increase from the prior dividend of $0.31.

The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016.

The annual yield on the dividend is 1.1 percent.

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