Molson Coors Brewing Company (NYSE:TAP) Updates On Dividend Release Date


On 2016-07-22, Molson Coors Brewing Company (NYSE:TAP) confirmed the dividend disbursement of $0.41 a share to shareholders as on record 2016-08-31. The firm will release dividend on 2016-09-15 while ex-dividend date is reported to be 2016-08-29.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Molson Coors Brewing Company (NYSE:TAP) paid a total of $0.41 per share in dividends. This figure stood at $0.41 a share in the same period a year ago indicating a deviation of 10.8108%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $118 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $139 and $100, respectively.

Taking the mathematical rating formula, the price for Molson Coors Brewing Company (NYSE:TAP) stands at 1. Earnings Review Molson Coors Brewing Company (NYSE:TAP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $1.08.

Coming to the quarter ending on 2015-12-31, Molson Coors Brewing Company (NYSE:TAP) recorded EPS of $1.11. The reported numbers came lower than the analysts’ estimates of $1.14, demonstrating a miss of $-0.03 as against reported figures.

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