Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev, based in Leuven, is the world's largest brewer, home to global brands such as Budweiser, Stella Artois and Corona and hundreds of local beers, selling in nearly every country. Its unmatched scale gives it huge cost advantages, though it carries a large debt load from the acquisitions that built the empire. AB InBev cut its dividend sharply to pay down that debt and has been rebuilding it gradually as borrowings fall, so the yield is modest for now. A recovering payout from the world's dominant brewer defines its profile, with dividend growth tied to continued debt reduction.