09:58 AM EDT, 04/11/2024 (MT Newswires) -- (Updates with dividend in the sixth paragraph and the company's latest stock move in the seventh paragraph.)

Constellation Brands ( STZ ) reported fiscal Q4 non-GAAP earnings Thursday of $2.26 per diluted share, compared with $1.98 a year earlier.

Analysts surveyed by Capital IQ expected $2.10.

Net sales for the quarter ended Feb. 29 was $2.14 billion, compared with $2 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.10 billion.

For full-year fiscal 2025, the company expects non-GAAP EPS of $13.50 to $13.80. Analysts surveyed by Capital IQ are expecting $13.43.

The company said its board has raised the quarterly dividend to $1.01 per share from $0.89, payable on May 17 to stockholders of record on May 3.

Shares of the company rose 1.5% in recent trading.

Price: 268.87, Change: +3.95, Percent Change: +1.49