Molson Coors Beverage (NYSE:TAP.A) Shares Up 3.3% – Should You Buy?

Molson Coors Beverage (NYSE:TAP.A) traded up 3.3% during mid-day trading on Thursday . The stock traded as high as $65.82 and last traded at $62.50. 140 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 935 shares. The stock had previously closed at $60.50.

Molson Coors Beverage Trading Down 3.1 %

The stock’s fifty day moving average price is $59.37 and its 200 day moving average price is $58.75.

Molson Coors Beverage (NYSE:TAP.A) last posted its earnings results on Thursday, February 13th. The company reported $1.30 EPS for the quarter. The business had revenue of $2.74 billion during the quarter.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.47 per share. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, February 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.95%. Molson Coors Beverage’s dividend payout ratio is 77.05%.

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.