Grupo Modelo has lined up its annual dividend payment for shareholders.

The Mexican company said earlier this week that it will pay out MXN6.76bn (US$615m). The payment equates to MXN2.08 per share.

The company said that payment would be made next Monday (30 April). The dividend is up two-thirds on 2005, and represents 78% of last year's net profit.

Modelo, which is 52%-owned by Anheuser-Busch, owns Corona, the largest imported beer brand in the US.