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

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

Constellation Brands (STZ) Initiation of Dividend Payment is Credit-Negative Event - Moody's

April 9, 2015 2:10 PM EDT

Moody's Investors Service said today that Constellation Brands' (NYSE: STZ) announcement that it will initiate a quarterly cash dividend is credit negative, but that the company's Ba1/ SGL-3 ratings and stable outlook will not be affected.

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