The bar is open and the dividends are continuing to flow at Molson Coors(NYSE:TAP). The brewer has declared the latest common stock payout for both its Class A and B shareholders. This is $0.32 per share, to be handed out on September 16 to shareholders of record as of August 30. That amount is in line with each of the company's preceding quarterly distributions stretching back to September 2011.
In order to match its U.S.-listed sibling, Molson Coors Canada concurrently declared a dividend for its Class A and B shareholders. This will be C$0.32 ($0.31 per share), with record and payment dates similar to that of the US firm. Molson Coors Canada trades on the Toronto Stock Exchange.
The U.S. company's distribution annualizes to $1.28 per share. That yields 2.6% at Molson Coors' most recent closing stock price of $49.83.
Fool contributor Eric Volkman has no position in Molson Coors. The Motley Fool recommends Molson Coors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.