Molson Coors Beverage (NYSE:TAP.A) Shares Down 2.7% – Here’s Why

Molson Coors Beverage (NYSE:TAP.A)’s stock price fell 2.7% during mid-day trading on Monday . The company traded as low as $60.11 and last traded at $60.11. 133 shares were traded during mid-day trading, a decline of 85% from the average session volume of 874 shares. The stock had previously closed at $61.76.

Molson Coors Beverage Price Performance

The company’s 50 day moving average price is $59.18 and its two-hundred day moving average price is $58.90.

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

Molson Coors Beverage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.44 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.76 annualized dividend and a dividend yield of 2.93%. 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.