NEW YORK (
) -- The ex-dividend date for
Molson Coors Brewing Company
) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $45.34 as of 9:32 a.m. ET, the dividend yield is 2.5%.
The average volume for Molson Coors Brewing has been 1.1 million shares per day over the past 30 days. Molson Coors Brewing has a market cap of $7.3 billion and is part of the
industry. Shares are down 9.5% year to date as of the close of trading on Tuesday.
Molson Coors Brewing Company brews, markets, sells, and distributes beer brands. The company sells its products in Canada, under the brand names of Coors Light, Canadian, Export, Molson Canadian 67, Molson Dry, Molson M, Creemore, Rickard's Red, Carling, and Pilsner. The company has a P/E ratio of 12.8, above the average food & beverage industry P/E ratio of 12.1 and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Molson Coors Brewing as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full