Molson Coors Beverage Company Announces Regular Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) has declared a quarterly dividend of US$0.38 per share, payable on December 15, 2022, to stockholders of record on December 2, 2022. A similar dividend of approximately CDN$0.50 will be issued by Molson Coors Canada Inc. (TSX: TPX.A, TPX.B) on the same dates. The company's portfolio includes iconic brands like Coors Light and Miller Lite, and it operates in significant global markets, reflecting a robust and diverse beverage strategy.

Positive

• Quarterly dividend of US$0.38 per share enhances shareholder income.
• Canadian equivalent dividend of CDN$0.50 shows commitment to returning value.

Negative

• None.

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$0.38 per share, payable December 15, 2022, to stockholders of record on December 2, 2022. 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$0.50 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable December 15, 2022, to its Class A and Class B exchangeable shareholders of record on December 2, 2022. 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 for 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 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", which primarily include financing related costs and impacts of other treasury-related activities. 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. 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/20221110006161/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 on TAP.A?

Molson Coors declared a quarterly dividend of US$0.38 per share on TAP.A.

When is the dividend for TAP.A payable?

The dividend for TAP.A is payable on December 15, 2022.

What is the record date for the TAP.A dividend?

The record date for the TAP.A dividend is December 2, 2022.

Is the Molson Coors dividend eligible for Canadian tax purposes?

Yes, the CDN$0.50 dividend from Molson Coors Canada Inc. is eligible for Canadian tax purposes.