The board of directors of the US brewer Adolph Coors Company have declared a quarterly dividend of 20.5 cents per share, payable Sept. 15, 2003, the company has reported. In late July, the company posted second quarter earnings of US$76.3m, or US$2.09 per share, up 12.9% from US$67.6m, or US$1.84 per share, in the corresponding period a year earlier.