Molson Coors Beverage (NYSE:TAP.A) Trading Down 3.9% – Here’s What Happened

Molson Coors Beverage (NYSE:TAP.A) traded down 3.9% during mid-day trading on Thursday . The stock traded as low as $56.01 and last traded at $56.01. 106 shares traded hands during trading, a decline of 88% from the average session volume of 876 shares. The stock had previously closed at $58.26.

Molson Coors Beverage Stock Performance

The company has a 50-day moving average price of $57.87 and a two-hundred day moving average price of $60.73.

Molson Coors Beverage (NYSE:TAP.A) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.92 EPS for the quarter. The company had revenue of $3.25 billion during the quarter.

Molson Coors Beverage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, August 30th. Molson Coors Beverage’s dividend payout ratio is presently 72.13%.

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.