Constellation Brands also rose 4% today on heavy trading volume. Shares of the global wine, beer, and spirits giant touched a new all-time high in the wake of its fiscal third quarter earnings announcement.
Constellation Brands Inc. announced a deal Wednesday to purchase the Napa Valley-based Meiomi wine brand for $315 million, the latest marker of consolidation in the North Coast wine industry as vintners stock up on labels priced at $20 or more per bottle.
In June 2013, Constellation Brands, Inc (NYSE:STZ), already a serial acquirer of smaller wine and spirits companies, initiated a massive transaction with Anheuser Busch Inbev SA (NYSE:BUD) to reposition its portfolio for future growth.
Looking at the universe of stocks we cover at Dividend Channel, on 2/5/16, Constellation Brands Inc (NYSE: STZ), Welltower Inc (NYSE: HCN), and Tompkins Financial Corp (AMEX: TMP) will all trade ex-dividend for their respective upcoming dividends.