Molson Coors Keeps $0.32 Dividend on Tap
Brewer Molson Coors announced yesterday its second-quarter dividend of $0.32 per share on its class A and class B shares, the same rate it's paid since 2011.
The board of directors said the quarterly dividend is payable on June 17 to the holders of record at the close of business on May 31. The brewer has paid quarterly dividends since 1988.
The regular dividend payment equates to a $1.28-per-share annual dividend yielding 2.4%, based on the closing price of Molson Coors' stock on May 21.
The article Molson Coors Keeps $0.32 Dividend on Tap originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Molson Coors Brewing. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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