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

Molson Coors Beverage (NYSE:TAP.A) released its quarterly earnings results on Thursday. The company reported $1.30 EPS for the quarter, Zacks reports.

Molson Coors Beverage Price Performance

NYSE:TAP.A remained flat at $58.11 during trading on Friday. The company’s stock had a trading volume of 523 shares, compared to its average volume of 748. The company 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 52-week low of $52.91 and a 52-week high of $68.60.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be given a $0.47 dividend. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, February 27th. Molson Coors Beverage’s dividend payout ratio is presently 72.13%.

About Molson Coors Beverage

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.