Molson Coors Beverage Company Plans Quarterly Dividend of $0.48 (NYSE:TAP)

Molson Coors Beverage Company (NYSE:TAP) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, August 28th will be given a dividend of 0.48 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, August 28th.

Molson Coors Beverage has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 4 years. Molson Coors Beverage has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Equities 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 TAP opened at $41.74 on Friday. The stock has a 50 day moving average of $40.32 and a 200 day moving average of $44.30. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of -3.92 and a beta of 0.42. Molson Coors Beverage has a 12 month low of $38.04 and a 12 month high of $54.82. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.38.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.26. The business had revenue of $2.35 billion for 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 quarter in the previous year, the firm earned $0.50 earnings per share. As a group, sell-side analysts forecast that Molson Coors Beverage will post 4.8 earnings per share for the current 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.