The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) has announced a regular quarterly dividend of US$0.44 per share on its Class A and Class B common stock. This dividend is payable on September 20, 2024, to stockholders of record as of August 30, 2024. The dividend applies to holders of both Class A and Class B common stock of Molson Coors Beverage Company.
Similarly, the Board of Directors of Molson Coors Canada Inc. (TSX: TPX.B, TPX.A) declared a quarterly dividend of approximately CDN$0.60 (equivalent to the dividend declared on Molson Coors Beverage Company stock) for its Class A and Class B exchangeable shareholders. This dividend will also be payable on September 20, 2024, to shareholders of record as of August 30, 2024. These dividends are eligible for Canadian tax purposes.
Overview of Molson Coors Beverage Company
For over two centuries, Molson Coors Beverage Company has been brewing beverages that bring people together to celebrate life’s moments. Their portfolio includes core power brands such as Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, and Ožujsko, as well as above-premium brands like Madri, Staropramen, Blue Moon Belgian White, and Leinenkugel’s Summer Shandy. Additionally, they produce economy and value brands such as Miller High Life and Keystone. Beyond beer, Molson Coors offers a diverse range of beverages, including Vizzy Hard Seltzer, Five Trail whiskey, and various non-alcoholic drinks. The company’s ambition is to be the first choice for its people, consumers, and customers, aiming to meet a wide range of consumer segments and occasions.
Molson Coors’ operations are divided into two main reporting segments: Americas, which includes the U.S., Canada, and various countries in the Caribbean, Latin, and South America; and EMEA&APAC, which covers Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K., other European countries, and certain regions in the Middle East, Africa, and Asia Pacific. Additionally, some items are unallocated to these segments and reported as “Unallocated.”
The company’s Imprint strategy focuses on People & Planet initiatives, emphasizing their commitment to raising industry standards and making a positive impact on employees, consumers, communities, and the environment. To learn more about Molson Coors Beverage Company, visit their website.
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.
