Why Anheuser-Busch InBev Has Thrived Since It Slashed Its Dividend [The Motley Fool]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: The Motley Fool
Why Anheuser-Busch InBev Has Thrived Since It Slashed Its Dividend The world's biggest brewer showed why it is the king of beers. It's been a year since Anheuser-Busch InBev ( NYSE:BUD ) slashed its dividend in half. As the world's largest brewer sought to gain control over a debt load that had ballooned to $109 billion following the acquisition of SABMiller, it halved its shareholder payout to $2.03 per share and applied the $4 billion in annual savings to debt reduction. Shares plunged 11% on the news, as markets almost always punish companies that cut their dividends. But in the year since the dividend cut, the brewer's stock has bounded 28% higher and now trades 16% above where it stood the day before it announced the decision. Considering how badly the market viewed the news, it seems pretty remarkable it has recovered in so short a time. Here's why the brewer's stock was able to bounce back so quickly. A dividend cut is typically seen as an admission by a company that its fina
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- With the market oversold, we're buying a geopolitical hedge and an unfairly punished beer stock [MSNBC.com]MSNBC.com
- Constellation Brands, Inc. (NYSE:STZ) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Constellation Brands' Continued Beer Strength Offsets Its Wine And Spirits Weakness [Yahoo! Finance]Yahoo! Finance
- Constellation Brands, Inc. (NYSE: STZ) had its price target raised by analysts at Barclays PLC from $294.00 to $295.00. They now have an "overweight" rating on the stock.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) was upgraded by analysts at Argus from a "hold" rating to a "buy" rating. They now have a $306.00 price target on the stock.MarketBeat
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/16/24 - Form 4
- 4/12/24 - Form 144
- 4/12/24 - Form 144
- STZ's page on the SEC website