Constellation Brands To Pay Out Dividend

April 9, 2015 3:43 PM

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Constellation Brands Inc. on Thursday unveiled its first cash dividend since going public in 1973, as the alcoholic-beverage maker's Mexican beer segment continued to drive growth in the latest quarter.

Constellation had signaled in recent months that it was looking to return cash to shareholders as it reduced its debt levels. The Victor, N.Y., company said it would pay out a cash dividend of 31 cents a share for its Class A stock and 28 cents per share for its Class B stock in May.

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