Molson Coors Brewing Company has confirmed details of its latest dividend payment.

The North American brewer, which earlier this month reported a 1% dip in net profit for the three months to the end of September, said yesterday (15 November) that it will pay shareholders a dividend payment of US$0.16 per share.

The payment will be made on 14 December to shareholders of record on 30 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.

On 6 November, Molson Coors reported a 1% slip in net income for its third quarter, which totalled US$134.7m. Net sales rose in the three-month period, however, by 6.9% year-on-year to $1.69bn.