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

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

Molson Coors Beverage Stock Performance

NYSE:TAP.A traded up $1.85 during mid-day trading on Thursday, hitting $55.85. 1,473 shares of the company traded hands, compared to its average volume of 681. The stock’s fifty day moving average price is $57.23 and its 200-day moving average price is $57.94. Molson Coors Beverage has a one year low of $52.91 and a one year high of $68.60.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Friday, December 6th. 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.