Molson Coors Brewing Stock To Go Ex-dividend Tomorrow (TAP)
The ex-dividend date for Molson Coors Brewing Company (NYSE:TAP) is tomorrow, August 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $44.39 as of 9:30 a.m., the dividend yield is 2.9%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Molson Coors Brewing Company (NYSE: TAP) is tomorrow, August 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $44.39 as of 9:30 a.m. ET, the dividend yield is 2.9%. 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 $6.91 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 1.9% year to date as of the close of trading on Monday. Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company has a P/E ratio of 14.8, equal to the average food & beverage industry P/E ratio 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, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Molson Coors Brewing Ratings Report. See our dividend calendar or top-yielding stocks list.