US/CANADA: Molson Coors to pay dividend

By just-drinks.com editorial team | 14 November 2008

Molson Coors has declared a quarterly dividend of US$0.20 per share, payable on 15 December to shareholders of record on 28 November.

The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company, as well as to holders of Class A and Class B exchangeable shares of Molson Coors Canada Inc, the group said today (14 November).

Molson said on 5 November that net earnings for the thirteen weeks ended 28 September rose by 28% to US$173m. Underlying net profit after tax for the period crept up to $176m, from $173m in the same quarter last year.

Global beer volumes increased 7.4% on a reported basis, to 12m hectolitres.

Sectors: Beer & cider

Companies: Molson Coors