The board of directors at Constellation Brands has given details of the quarterly dividend. The board said on Tuesday that payment will be US$0.359375 per depositary share.

The dividend on the company's 5.75% Series A Mandatory Convertible Preferred Stock will be payable on 1 September, 2004, to shareholders of record on 16 August, 2004.

Earlier this month, Constellation reported record net sales of US$927m, a 20% increase, for its first quarter to 31 May, 2004.