Alcoholic beverage producer Constellation Brands (STZ) is setting the bar high. The company reported earnings that beat Wall Street's expectations with adjusted fourth quarter profit of $1.03 per share, $0.09 above estimates. On the revenue side, the company came in-line with analysts' estimates at $1.36 billion. Constellation Brands also initiated its first ever dividend program. The quarterly cash dividend of $0.31 a share on class A common stock and $0.28 a share on Class B shares will be paid on May 22nd. Shares of Constellation Brands were essentially flat at midday trading but the sales of its beer is not. The company credits its Mexican beer business for its results.
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