Constellation Brands

Constellation Brands is a US beverage-alcohol company best known for its dominant portfolio of Mexican beer brands in the United States, including Corona and Modelo, alongside wine and spirits labels. The imported-beer business has been its main growth engine, benefiting from strong demand and favourable demographics, while the wine and spirits arm has been slimmed down. Constellation began paying a dividend a little over a decade ago and has raised it since, though the yield remains modest. Growth ambitions, a sizeable investment in the cannabis sector and a debt load temper the income story, and the middling score reflects that mixed profile. It appeals to investors seeking beer-led growth with a secondary, still-developing dividend.