Molson Coors Beverage (NYSE:TAP.A) Posts Quarterly Earnings Results

Molson Coors Beverage (NYSE:TAP.A) posted its quarterly earnings data on Thursday. The company reported $1.30 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $2.74 billion during the quarter.

Molson Coors Beverage Price Performance

Shares of Molson Coors Beverage stock remained flat at $58.11 on Friday. 523 shares of the stock traded hands, compared to its average volume of 748. The business has a 50 day simple moving average of $57.17 and a 200-day simple moving average of $57.93. Molson Coors Beverage has a twelve month low of $52.91 and a twelve month high of $68.60.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a $0.47 dividend. The ex-dividend date is Thursday, February 27th. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. Molson Coors Beverage’s dividend payout ratio (DPR) is 72.13%.

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.