Molson Coors Beverage (NYSE:TAP.A) Stock Price Down 3.3% – Time to Sell?

Shares of Molson Coors Beverage (NYSE:TAP.A) traded down 3.3% on Monday . The stock traded as low as $54.23 and last traded at $51.25. 166 shares changed hands during trading, a decline of 65% from the average session volume of 473 shares. The stock had previously closed at $53.02.

Molson Coors Beverage Trading Down 3.3%

The firm has a 50-day moving average of $52.74 and a 200-day moving average of $56.72.

Molson Coors Beverage (NYSE:TAP.A) last issued its earnings results on Tuesday, August 5th. The company reported $2.05 earnings per share (EPS) for the quarter. The firm had revenue of $3.20 billion during the quarter.

Molson Coors Beverage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 5th. Molson Coors Beverage’s dividend payout ratio (DPR) is 77.05%.

About Molson Coors Beverage

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.