Constellation has declared its quarterly dividend. The drinks group's board of directors announced on Friday (29 October) that a payment of US$0.359375 per depositary share will be made on its 5.75% Series A Mandatory Convertible Preferred Stock.

The payment will be made on 1 December to shareholders of record on 15 November.

Last month, Constellation made a bid for Californian wine company Robert Mondavi. A decision from Mondavi's board of directors is expected shortly.