Molson Coors Brewing (TAP) Reinstates, Declares $0.34 Quarterly Dividend; Pay Off Senior Notes, Reaffirms Outlook

Molson Coors Brewing (NYSE: TAP) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. The dividend will be payable on September 17, 2021, to stockholders of record on August 30, 2021, with an ex-dividend date of August 27, 2021. The annual yield on the dividend is 2.7 percent.

The company also paid off in full the $1 billion 2.1% senior notes due on July 15, 2021 and again reaffirmed its full year 2021 guidance.

“Just over 18 months into our revitalization plan, we continue to execute and advance towards our long-term goal of sustainable topline growth,” said Molson Coors President and CEO Gavin Hattersley. “Because of the work done through our revitalization plan, today we can reaffirm our full year guidance with confidence, while at the same time reinstating a dividend to enhance shareholder value and repaying $1 billion in bonds to continue deleveraging.”

For a dividend history and other dividend-related data on Molson Coors Brewing (TAP) click here.

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