Molson Coors Beverage Company (TAP) To Go Ex-Dividend on August 28th

Molson Coors Beverage Company (NYSE:TAP) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, August 28th will be given a dividend of 0.48 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, August 28th.

Molson Coors Beverage has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Molson Coors Beverage has a payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Molson Coors Beverage to earn $5.00 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 38.4%.

Molson Coors Beverage Stock Performance

Shares of NYSE:TAP opened at $40.93 on Friday. The business’s fifty day moving average price is $40.29 and its two-hundred day moving average price is $44.28. Molson Coors Beverage has a fifty-two week low of $38.04 and a fifty-two week high of $54.82. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of -3.85 and a beta of 0.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.38.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.26. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. As a group, analysts predict that Molson Coors Beverage will post 4.8 EPS for the current fiscal year.

About Molson Coors Beverage

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada’s Molson and the United States’ Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.