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Constellation Brands, which produces Corona beer, raised its dividend this week.
Scott Olson/Getty Images
Constellation Brands
and
Levi Strauss
declared dividend will increase this week.
And a number of different corporations, together with
Lennar
and
Automatic Data Processing,
mentioned they’d preserve their payouts at present ranges.
Constellation Brands (ticker: STZ) declared a quarterly dividend of 76 cents a share on its class A typical inventory, up from 75 cents. The company makes and distributes beer, wine, and spirits. Its manufacturers embrace Corona and Modelo.
The inventory, which yields 1.4%, has a one-year return of about 35%.
Levi Strauss (LEVI) declared a quarterly disbursement of 6 cents a share, up from Four cents beforehand.
The attire firm’s inventory, which has a one-year return of about 90%, yields 0.5%.
Several corporations are conserving their payouts at present ranges. Homebuilder Lennar (LEN) declared a quarterly dividend of 25 cents a share, and Automatic Data Processing (ADP) is conserving its quarterly disbursement at 93 cents a share.
In different information, Credit Suisse Group (CSGN.Switzerland) plans to chop its dividend, owing to the fallout from its publicity to hedge fund Archegos Capital Management. The firm took a $4.7 billion hit, in accordance with The Wall Street Journal.
In a information launch dated April 6, the Zurich-based company mentioned that “following the U.S.-based hedge fund matter,” its board of administrators was “proposing to distribute a reduced ordinary total dividend of 0.10 gross [Swiss franc] per registered share.”
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
