US: Dividend details confirmed at Anheuser-Busch

By just-drinks.com editorial team | 23 October 2008

Anheuser-Busch has confirmed details of its latest dividend payment.

The US-based brewer, which is scheduled to be acquired by InBev later this year, said yesterday (22 October) that it will be pay a dividend of US$0.37 per share for its third quarter. Payment will be made on 9 December to shareholders of record on 10 November.

A-B also said that it continues to expect InBev's purchase to close before the end of this year. "If the dividend payment date occurs after the closing, shareholders of record on 10 November will continue to be entitled to payment of the dividend on 9 December," the brewer said.

Earlier this month, A-B credited price rises for lifting sales in the three months to the end of September. In a trading update, beer shipments to wholesalers and retailers in the quarter were reported to have risen by 2.3% and 3.6% respectively on the corresponding period a year earlier.

Sectors: Beer & cider

Companies: Anheuser-Busch, InBev