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

Shares of Molson Coors Beverage (NYSE:TAP.A) traded up 1.1% on Tuesday . The stock traded as high as $57.55 and last traded at $57.55. 900 shares were traded during trading, a decline of 40% from the average session volume of 1,500 shares. The stock had previously closed at $56.95.

Molson Coors Beverage Price Performance

The stock’s fifty day simple moving average is $59.48 and its 200-day simple moving average is $58.84.

Molson Coors Beverage (NYSE:TAP.A) last issued its earnings results 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 company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.44 per share. 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 (DPR) is 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.