Constellation Brands (ticker: STZ) declared a quarterly dividend of 76 cents a share on its class A common stock, up from 75 cents. The company makes and distributes beer, wine, and spirits. Its brands include Corona and Modelo.
The stock, 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 4 cents previously.
The apparel company’s stock, which has a one-year return of about 90%, yields 0.5%.
Several companies are keeping their payouts at current levels. Homebuilder Lennar (LEN) declared a quarterly dividend of 25 cents a share, and Automatic Data Processing (ADP) is keeping its quarterly disbursement at 93 cents a share.
In other news, Credit Suisse Group (CSGN.Switzerland) plans to cut its dividend, owing to the fallout from its exposure to hedge fund Archegos Capital Management. The company took a $4.7 billion hit, according to The Wall Street Journal.
In a news release dated April 6, the Zurich-based company said that “following the U.S.-based hedge fund matter,” its board of directors was “proposing to distribute a reduced ordinary total dividend of 0.10 gross [Swiss franc] per registered share.”
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