Molson Coors Beverage (NYSE:TAP.A) Trading 1.1% Higher – Here’s What Happened

Molson Coors Beverage (NYSE:TAP.A)’s stock price rose 1.1% during trading on Tuesday . The stock traded as high as $57.55 and last traded at $57.55. Approximately 900 shares changed hands during trading, a decline of 40% from the average daily volume of 1,500 shares. The stock had previously closed at $56.95.

Molson Coors Beverage Stock Performance

The business has a fifty day simple moving average of $59.48 and a 200 day simple moving average of $58.84.

Molson Coors Beverage (NYSE:TAP.A) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.80 EPS for the quarter. The firm had revenue of $3.04 billion during the quarter.

Molson Coors Beverage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, December 6th. Molson Coors Beverage’s dividend payout ratio is currently 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.