Molson Coors Beverage Company Announces Regular Quarterly Dividend

Rhea-AI Summary

Molson Coors Beverage Company (NYSE: TAP, TAP.A) has announced a regular quarterly dividend of US$0.44 per share for its Class A and Class B common stock, payable on June 21, 2024, to shareholders of record on June 7, 2024. Molson Coors Canada (TSX: TPX.B, TPX.A) has also declared a quarterly dividend of approximately CDN$0.59, also payable on June 21, 2024, to its Class A and Class B exchangeable shareholders of record on June 7, 2024. These dividends are eligible for Canadian tax purposes. The company, with a history spanning over two centuries, offers a diverse portfolio of beverages including core beer brands like Coors Light and Miller Lite, premium brands such as Blue Moon, and non-alcoholic options. Molson Coors operates in the Americas, EMEA & APAC regions, and is committed to sustainability and community impact through its Imprint strategy.

Positive

• Regular quarterly dividend of US$0.44 per share declared for Class A and Class B common stock.
• Molson Coors Canada's quarterly dividend of approximately CDN$0.59 declared for exchangeable shareholders.
• Dividends are eligible for Canadian tax purposes.
• Molson Coors has a diverse portfolio of beverages, including core, premium, and non-alcoholic brands.
• Company operates in multiple regions including the Americas, EMEA & APAC, indicating a broad market presence.
• Commitment to sustainability and community impact through the Imprint strategy.

Negative

• No new financial data or growth metrics provided, limiting insight into company performance.
• Dividend information may not significantly impact stock price if investors were already anticipating it.

GOLDEN, Colo. & MONTREAL--(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$0.44 per share, payable June 21, 2024, to stockholders of record on June 7, 2024. 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$0.59 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable June 21, 2024, to its Class A and Class B exchangeable shareholders of record on June 7, 2024. The dividends declared in respect of the Class A and Class B exchangeable shares are eligible dividends for Canadian tax purposes.

Overview of 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 our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madri, Staropramen, Blue Moon Belgian White and Leinenkugel’s Summer Shandy, to our economy and value brands like Miller High Life and Keystone, Molson Coors produces many beloved and iconic beer brands. While Molson Coors’ history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey as well as non-alcoholic beverages. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions.

Our reporting segments include: Americas, operating in the U.S., Canada and various countries in the Caribbean, Latin and South America; and EMEA&APAC, operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K., various other European countries, and certain countries within the Middle East, Africa and Asia Pacific. In addition to our reporting segments, we also have certain items that are unallocated to our reporting segments and reported as "Unallocated".

Our Imprint strategy is focused on People & Planet initiatives that support our 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 (MCBC). MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC’s annual proxy statement and Form 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the 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/20240516504051/en/

Investor Relations

Greg Tierney, (414) 931-3303

Traci Mangini, (415) 308-0151



News Media

Rachel Dickens, Press@molsoncoors.com

Source: Molson Coors

FAQ

What is the dividend amount declared by Molson Coors Beverage Company for June 2024?

Molson Coors Beverage Company declared a quarterly dividend of US$0.44 per share for its Class A and Class B common stock, payable on June 21, 2024.

When is the record date for Molson Coors Beverage Company's next dividend?

The record date for the next dividend is June 7, 2024.

What is the dividend amount declared by Molson Coors Canada for June 2024?

Molson Coors Canada declared a quarterly dividend of approximately CDN$0.59, payable on June 21, 2024.

Are the dividends declared by Molson Coors eligible for Canadian tax purposes?

Yes, the dividends declared for Molson Coors Canada's Class A and Class B exchangeable shares are eligible for Canadian tax purposes.

What regions does Molson Coors Beverage Company operate in?

Molson Coors operates in the Americas, EMEA & APAC regions.