Molson Coors Beverage (NYSE:TAP.A) to Issue Dividend Increase – $0.47 Per Share

Molson Coors Beverage (NYSE:TAP.A) declared a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Investors of record on Thursday, February 27th will be given a dividend of 0.47 per share on Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.44.

Molson Coors Beverage Price Performance

Shares of Molson Coors Beverage stock opened at $61.89 on Tuesday. The company’s fifty day simple moving average is $57.20 and its two-hundred day simple moving average is $58.03. Molson Coors Beverage has a 12-month low of $52.91 and a 12-month high of $68.60.

Molson Coors Beverage (NYSE:TAP.A) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.30 EPS for the quarter. The company had revenue of $2.74 billion during the quarter.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.