Should You Buy This Blue Chip Stock for Dividend Growth?
When investing for dividend growth, it pays for investors to focus on buying businesses with immense brand power. This is because brands that are known and loved by consumers tend to carry the pricing power necessary to drive revenue and earnings growth.
The beer, wine, and spirits producer Constellation Brands (NYSE: STZ) has no shortage of well-recognized products. But is the stock a buy for investors seeking dividend growth? Let's peek at Constellation Brands' fundamentals and valuation to resolve this question.
Possessing a $45 billion market capitalization, Constellation Brands is among the largest alcoholic beverage companies in the world. The alcoholic beverage company features a lineup of popular products, including Corona Extra and Modelo Especial beers, and Kim Crawford and Robert Mondavi wines. Thanks to these products, Constellation Brands earns the distinction of being the third-largest beer company in the U.S. and the top share gainer across the U.S. beer market.
Source Fool.com
