Molson Coors Declares $0.48 Quarterly Dividend, Payable March 20
Molson Coors Beverage Company (NYSE: TAP) declared a quarterly dividend of $0.48 per share on February 18, 2026. The dividend is payable March 20 to shareholders of record on March 6.
Molson Coors Beverage Company (NYSE: TAP), one of the world's largest brewers, declared a quarterly dividend of $0.48 per share on February 18, 2026. The dividend will be paid on March 20 to holders of Class A and Class B common stock of record as of March 6. Read more dividend announcements.
Shareholders of exchangeable shares will receive the Canadian dollar equivalent of dividends earned on Class A and Class B common stock.
| Dividend Details | Information |
|---|---|
| Amount | $0.48 per share |
| Record Date | March 6, 2026 |
| Payment Date | March 20, 2026 |
| Frequency | Quarterly |
Cost Savings and Outlook
On the same day as the dividend declaration, Molson Coors announced a three-year cost savings program targeting up to $450 million, with savings beginning in 2026. The program includes the Americas Restructuring Plan announced in the fourth quarter of 2025 and is intended to mitigate inflation impacts while maintaining investment levels.
The company provided 2026 guidance expecting net sales to be flat, plus or minus 1%, on a constant currency basis. Underlying earnings per share are projected to decline in the range of 11% to 15% versus 2025, while underlying free cash flow is expected to reach $1.1 billion, plus or minus 10%.
Share Repurchase Program
On February 9, 2026, Molson Coors' Board of Directors approved a $2.0 billion increase to the existing Class B common stock repurchase program, raising the aggregate authorization to $4.0 billion. The program was extended through December 31, 2031. Approximately $2.6 billion remained available for repurchase under the program as of December 31, 2025.
The company projects capital expenditures of $650 million for 2026, plus or minus 5%, with an underlying effective tax rate in the range of 22% to 24%.