Molson Coors Beverage Company Announces Regular Quarterly Dividend

Rhea-AI Summary

Molson Coors Beverage Company declares regular quarterly dividends on its Class A and Class B common stock. The dividend is US$0.41 per share for Molson Coors Beverage Company stock and CDN$0.55 for Molson Coors Canada Inc. stock. Dividends payable on June 15, 2023.

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• Molson Coors Beverage Company declares regular quarterly dividends on its Class A and Class B common stock. Dividends payable on June 15, 2023.

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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$0.41 per share, payable June 15, 2023, to stockholders of record on June 2, 2023. 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$0.55 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable June 15, 2023, to its Class A and Class B exchangeable shareholders of record on June 2, 2023. 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 more than 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, Vizzy Hard Seltzer, Leinenkugel’s Summer Shandy, Miller High Life and more, 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.

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 Environmental, Social and Governance (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 (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/20230518005788/en/

Investor Relations

Greg Tierney, (414) 931-3303

Traci Mangini, (415) 308-0151

News Media

Rachel Dickens, (314) 452-9673

Source: Molson Coors

FAQ

What is the dividend amount declared by Molson Coors Beverage Company for its Class A and Class B common stock?

The dividend amount declared by Molson Coors Beverage Company for its Class A and Class B common stock is US$0.41 per share.

What is the dividend amount declared by Molson Coors Canada Inc. for its Class A and Class B exchangeable shares?

The dividend amount declared by Molson Coors Canada Inc. for its Class A and Class B exchangeable shares is approximately CDN$0.55.

When are the dividends payable?

The dividends are payable on June 15, 2023.

What is the record date for the dividends?

The record date for the dividends is June 2, 2023.