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

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

Molson Coors Beverage Stock Performance

Shares of NYSE:TAP.A traded up $1.85 during trading on Thursday, reaching $55.85. 1,473 shares of the company were exchanged, compared to its average volume of 681. The business’s fifty day simple moving average is $57.23 and its 200-day simple moving average is $57.94. Molson Coors Beverage has a 12-month low of $52.91 and a 12-month high of $68.60.

Molson Coors Beverage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.76 annualized dividend and a yield of 3.15%. Molson Coors Beverage’s dividend payout ratio (DPR) is 72.13%.

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, 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.