Constellation Brands, Inc. (NYSE:STZ) will release earnings for its first quarter after the closing bell on Tuesday, June 30.
Analysts expect the Rochester, New York-based company to report quarterly earnings of $3.25 per share, up from $3.22 per share in the year-ago period. The consensus estimate for Constellation’s quarterly revenue is $2.4 billion. It reported $2.52 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, JPMorgan analyst Drew Levine maintained Constellation Brands at Neutral and raised the price target from $168 to $169 on Thursday.
With the recent buzz around Constellation, some investors may be eyeing potential gains from the company’s dividends too. As of now, Constellation Brands has an annual dividend yield of 2.85%, with a quarterly dividend of $1.03 per share ($4.12 per year).
So, how can investors leverage its dividend yield to pocket a regular $500 monthly?
