Molson Coors Beverage Company (TAP) To Go Ex-Dividend on May 29th

Molson Coors Beverage Company (NYSE:TAP) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Friday, May 29th will be given a dividend of 0.48 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, May 29th.

Molson Coors Beverage has raised its dividend by an average of 0.3%annually over the last three years and has increased 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. Equities 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 Trading Down 1.7%

TAP opened at $42.40 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $44.04 and its 200-day moving average is $46.33. The firm has a market capitalization of $7.97 billion, a P/E ratio of -3.98 and a beta of 0.44. Molson Coors Beverage has a 52-week low of $40.64 and a 52-week high of $57.57.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.26. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Molson Coors Beverage had a negative net margin of 16.14% and a positive return on equity of 9.79%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Analysts expect that Molson Coors Beverage will post 4.74 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.