Here's How Many Shares of Constellation Brands You Should Own to Get $500 in Yearly Dividends

Dividend Sustainability - Constellation Brands has a history of paying quarterly dividends for a decade, starting in April 2015, raising questions about the safety of these payments [1] - The company's free cash flow (FCF) for the first nine months of the fiscal year was $1.3 billion, while dividends paid amounted to$551.3 million, indicating both willingness and ability to sustain dividends [2] Dividend Calculation - Constellation Brands increased its dividends by 13.5% last year, resulting in a quarterly dividend of $1.01 per share, equating to an annual payout of$4.04 [3] - To earn $500 in annual dividends, an investment of approximately$22,800 would be required, based on the stock price of $183.85 and ownership of 124 shares [3] - The company's dividend yield stands at 2.2%, which is higher than the S&P 500's yield of 1.3% [3]