Molson Coors has announced details of its quarterly dividend.

The North American brewer said yesterday (18 May) that it will pay US$0.32 a share on 15 June to shareholders of record on 31 May.

The dividend is payable to holders of Molson Coors' Class 'A' and Class 'B' common stock, as well as to holders of Class 'A' and Class 'B' exchangeable shares of Molson Coors Canada Inc., the company said.

Earlier this month, the brewer posted a first-quarter after-tax loss of US$400,000 compared to a profit of US$14.7m in the corresponding quarter a year earlier. The company was particularly hard hit by price competition in the UK.