US: Constellation quarterly dividend declared

By just-drinks.com editorial team | 31 July 2006

Constellation Brands has confirmed details of its quarterly dividend.

The US drinks giant said late last week that it had approved and declared a dividend for the three-month period of US$0.359375 per series A mandatory convertible preferred share.

The dividend will be paid on 1 September to shareholder of record on 15 August.

Earlier this month, Constellation celebrated becoming the sole US distributor for Grupo Modelo's portfolio. The company signed a ten-year agreement with the Mexican brewer to form a joint venture that will import and distribute the Modelo stable across the US.

Sectors: Beer & cider, Wine

Companies: Constellation, Modelo