Adolph Coors has declared its quarterly dividend. The company's board of directors declared a dividend of US$0.205 per share on Friday.

The dividend will be payable on 15 June to shareholders of record on 28 May this year.

Earlier this month, the company announced that it is hunting for a boss for its US beer business. The position has been run by the company's president and CEO Leo Kiely since it was created in 2002.