Molson Coors Beverage (NYSE:TAP.A) Trading Up 3.3% – What’s Next?

Shares of Molson Coors Beverage (NYSE:TAP.A) shot up 3.3% during trading on Thursday . The stock traded as high as $65.82 and last traded at $62.50. 140 shares traded hands during trading, a decline of 85% from the average session volume of 935 shares. The stock had previously closed at $60.50.

Molson Coors Beverage Stock Down 3.1 %

The company has a fifty day moving average price of $59.37 and a 200 day moving average price of $58.75.

Molson Coors Beverage (NYSE:TAP.A) last issued its earnings results on Thursday, February 13th. The company reported $1.30 EPS for the quarter. The firm had revenue of $2.74 billion during the quarter.

Molson Coors Beverage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.47 per share. The ex-dividend date was Thursday, February 27th. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.95%. Molson Coors Beverage’s payout ratio is 77.05%.

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.