Molson Coors Beverage (NYSE:TAP.A) Stock Price Up 2.4%

Shares of Molson Coors Beverage (NYSE:TAP.A) rose 2.4% during mid-day trading on Tuesday . The stock traded as high as $62.00 and last traded at $60.28. Approximately 3,445 shares changed hands during trading, an increase of 292% from the average daily volume of 879 shares. The stock had previously closed at $58.88.

Molson Coors Beverage Price Performance

The stock has a 50-day simple moving average of $59.52 and a 200 day simple moving average of $62.95.

Molson Coors Beverage (NYSE:TAP.A) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter. The company had revenue of $2.60 billion for the quarter.

Molson Coors Beverage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.44 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.76 annualized dividend and a yield of 2.92%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently 72.13%.

About Molson Coors Beverage

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.