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Molson Coors Beverage Company Announces Regular Quarterly Dividend
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Rhea-AI Sentiment
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dividends
Rhea-AI Summary
Molson Coors Beverage Company has declared a regular quarterly dividend of US$0.41 per share on its Class A and Class B common stock, payable on September 15, 2023. Molson Coors Canada Inc. has also declared a quarterly dividend of approximately CDN$0.53 per share, payable on the same date. Molson Coors Beverage Company is a well-established brewing company with a diverse portfolio of beer brands and operations in the Americas and EMEA&APAC regions.
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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 September 15, 2023, to stockholders of record on September 1, 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$0.53 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable September 15, 2023, to its Class A and Class B exchangeable shareholders of record on September 1, 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.
What is the dividend declared by Molson Coors Beverage Company?
Molson Coors Beverage Company has declared a regular quarterly dividend of US$0.41 per share on its Class A and Class B common stock.
When will the dividend be payable?
The dividend will be payable on September 15, 2023.
What is the dividend declared by Molson Coors Canada Inc.?
Molson Coors Canada Inc. has declared a quarterly dividend of approximately CDN$0.53 per share.
Who is eligible for the dividends?
The dividends are payable to stockholders of record on September 1, 2023, who hold Class A and Class B common stock of Molson Coors Beverage Company and Class A and Class B exchangeable shares of Molson Coors Canada Inc.
What is the business focus of Molson Coors Beverage Company?
Molson Coors Beverage Company is a well-established brewing company with a diverse portfolio of beer brands. It operates in the Americas and EMEA&APAC regions.
What is Molson Coors Beverage Company's ESG strategy?
Molson Coors Beverage Company has a strong commitment to raising industry standards and focuses on People and Planet in its Environmental, Social, and Governance (ESG) strategy.
The Molson Coors Beverage Company is an American-Canadian multinational drink and brewing company incorporated under Delaware General Corporation Law and headquartered in Chicago, Illinois. Molson Coors was formed in 2005 through the merger of Molson of Canada, and Coors of the United States.
