Molson Coors Beverage Company (TAP) to Issue Quarterly Dividend of $0.47 on December 19th

Molson Coors Beverage Company (NYSE:TAP) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Friday, December 5th will be given a dividend of 0.47 per share on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, December 5th.

Molson Coors Beverage has decreased its dividend payment by an average of 0.0%per year 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 29.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Molson Coors Beverage to earn $6.77 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 27.8%.

Molson Coors Beverage Price Performance

TAP stock traded down $0.22 on Wednesday, reaching $46.28. 677,220 shares of the company’s stock were exchanged, compared to its average volume of 2,601,715. The stock has a fifty day moving average of $45.81 and a 200-day moving average of $48.74. The firm has a market cap of $9.15 billion, a PE ratio of -4.34 and a beta of 0.45. The company has a quick ratio of 0.45, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. Molson Coors Beverage has a twelve month low of $42.94 and a twelve month high of $64.66.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Tuesday, November 4th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). Molson Coors Beverage had a negative net margin of 15.89% and a positive return on equity of 8.78%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. As a group, equities analysts predict that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

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, spirits and energy, and ready to drink beverages.