Molson Coors Brewing Stock To Go Ex-dividend Tomorrow (TAP)

NEW YORK ( TheStreet) -- The ex-dividend date for Molson Coors Brewing Company (NYSE: TAP) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $44.03 as of 10:05 a.m. ET, the dividend yield is 2.9%.

The average volume for Molson Coors Brewing has been 1.2 million shares per day over the past 30 days. Molson Coors Brewing has a market cap of $6.7 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 1.1% year to date as of the close of trading on Tuesday.

Molson Coors Brewing Company brews, markets, sells, and distributes beer brands. It sells its products in Canada, under the Coors Light, Molson, Rickard's Red, Carling, Pilsner, Keystone Light, Creemore Springs, and Granville Island brands. The company has a P/E ratio of 12.1, below the average food & beverage industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Molson Coors Brewing as a buy. 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, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Molson Coors Brewing Ratings Report.

See our dividend calendar or top-yielding stocks list.
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