Constellation Brands has announced details of its quarterly dividend.

The US drinks giant said yesterday (17 January) that it would pay US$0.359375 per 5.75% Series A Mandatory Convertible Preferred share.

Payment will be made on 1 March to shareholders of record on 15 February.

Last week, Constellation revealed that it had paid a combined US$48.1m for wine brand Rex Goliath and pre-mixed spirits brand Cocktails by Jenn. The acquisitions closed during Constellation's third quarter to the end of November but the company refused to disclose the price of the deals at the time.