Molson Coors Beverage (NYSE:TAP.A) Trading 0.5% Higher – Should You Buy?

Molson Coors Beverage (NYSE:TAP.A)’s share price rose 0.5% during mid-day trading on Thursday . The company traded as high as $63.77 and last traded at $61.05. Approximately 100 shares changed hands during trading, a decline of 85% from the average daily volume of 656 shares. The stock had previously closed at $60.75.

Molson Coors Beverage Stock Up 4.5 %

The firm’s 50 day simple moving average is $57.60 and its two-hundred day simple moving average is $58.26.

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

Molson Coors Beverage Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 2.96%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently 77.05%.

About Molson Coors Beverage

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.