Molson Coors Beverage Company Announces Regular Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) declared a quarterly dividend of US$0.34 per share, payable on December 15, 2021, to stockholders of record on December 3, 2021. Additionally, Molson Coors Canada Inc. (TSX: TPX.A, TPX.B) announced a dividend of approximately CDN$0.42, also payable on December 15, 2021. The dividends affirm the company's commitment to returning value to shareholders.

Positive

• Declared a quarterly dividend of US$0.34 per share for stockholders.
• Affirmation of commitment to returning value to shareholders.

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• None.

GOLDEN, Colo. & MONTREAL, Quebec--(BUSINESS WIRE)-- The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) today declared a regular quarterly dividend on its Class A and Class B common stock of US$0.34 per share, payable December 15, 2021, to stockholders of record on December 3, 2021. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Beverage Company.

In addition, the Board of Directors of Molson Coors Canada Inc. (TSX: TPX.B, TPX.A) today declared a quarterly dividend of approximately CDN$0.42 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable December 15, 2021, to its Class A and Class B exchangeable shareholders of record on December 3, 2021. The dividends declared in respect of the Class A and Class B exchangeable shares are eligible dividends for Canadian tax purposes.

About Molson Coors Beverage Company

For over two centuries Molson Coors Beverage Company has been brewing beverages that unite people to celebrate all life’s moments. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Leinenkugel’s Summer Shandy, Creemore Springs, Hop Valley and more, Molson Coors produces many beloved and iconic beer brands. While the company’s history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well. Our ESG strategy is focused on People and Planet with a strong commitment to raising industry standards and leaving a positive imprint on our employees, consumers, communities and the environment. To learn more about Molson Coors Beverage Company, visit molsoncoors.com, MolsonCoorsOurImprint.com or on Twitter through @MolsonCoors.

About Molson Coors Canada Inc.

Molson Coors Canada Inc. (MCCI) is a subsidiary of Molson Coors Beverage Company. MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of Molson Coors Beverage Company, as described in Molson Coors Beverage Company’s annual proxy statement and Form 10-K filings with the U.S. Securities and Exchange Commission. Specifically, the trustee holder of Molson Coors Beverage Company’s special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211111006145/en/

Investor Relations

Greg Tierney, (414) 931-3303

Traci Mangini, (415) 308-0151



News Media

Marty Maloney, (312) 496-5669

Source: Molson Coors

FAQ

What is the dividend amount announced by Molson Coors Beverage Company?

The announced dividend amount is US$0.34 per share.

When will the dividend be paid?

The dividend will be paid on December 15, 2021.

Who are the shareholders eligible for the dividend?

Stockholders of record on December 3, 2021, are eligible for the dividend.

Is the dividend from Molson Coors Canada Inc. the same as Molson Coors Beverage Company?

Yes, the CDN$0.42 dividend from Molson Coors Canada Inc. is the Canadian dollar equivalent of the US$0.34 dividend.