SmarterDividends
TAP

Molson Coors Beverage Company

TAP

Consumer Defensive · Beverages - Brewers · Stock · quarterly payer

$40.00

Undervalued · +162% Add to Portfolio

Forward Yield

4.80%

Annual Dividend

$1.92

Payout Ratio

36%

5-Yr Growth

-3.8%

Ex-Date

Aug 28, 2026

Frequency

Quarterly

Key facts about TAP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Molson Coors Beverage Company (TAP) has a forward dividend yield of 4.80%, based on an annual dividend of $1.92 per share and a share price of $40.00.
  • As of Oct 27, 2026, TAP's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Molson Coors Beverage Company (TAP) has raised its dividend for 4 consecutive years as of Oct 27, 2026.
  • TAP last cut its regular dividend in 2022.
  • TAP's most recent ex-dividend date was Aug 28, 2026, for a dividend of $0.48 per share.
  • As of Oct 27, 2026, TAP pays out 36% of its trailing 12-month earnings as dividends (its payout ratio).
  • TAP's dividend has shrunk at an average rate of 3.8% a year over the past five years.
  • As of Oct 27, 2026, TAP's 4.80% yield is 75% above its five-year average yield of 2.74%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for TAP is $104.67 per share, 162% above the $40.00 share price, so TAP screens as undervalued.
  • Molson Coors Beverage Company (TAP) pays its dividend quarterly, 4 times a year.
  • Molson Coors Beverage Company (TAP) has raised its regular dividend 18 times and cut it 1 time across the 149 payments on record since 1988. Its most recent change was a 2.1% increase to $0.480 per share, going ex-dividend on Mar 6, 2026. The last cut went ex-dividend on Aug 27, 2021.
  • Molson Coors Beverage (TAP) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 2.1%, was declared on Feb 18, 2026.
Cite this page

SmarterDividends, "TAP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/TAP

Summary

As of Oct 27, 2026, Molson Coors Beverage Company (TAP) yields 4.80% ($1.92 a year per share), has a dividend safety grade of C (64/100) and has 4 consecutive years of dividend increases on record.

Is TAP a good dividend stock?

Yes, with caveats

Molson Coors Beverage Company (TAP) pays a quarterly dividend yielding 4.80% ($1.92/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (36%)

Risks

  • Cut its dividend in 2022
  • Dividend has been shrinking, not growing
  • Share price is down over the past 5 years

Key Data

Dividend Yield
4.80%
Payout Ratio
36%
Annual Dividend
$1.92
5-Yr Avg Growth
-3.8%
Ex-Dividend Date
Aug 28, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.43
Market Cap
$7.5B
P/E Ratio
—
5-Yr Total Return
-7%
52-Week Range
$35.52 – $54.82
Dividend Safety
C · 64/100
Ever Cut?
Yes (2022)

TAP dividend raises and cuts

Molson Coors Beverage Company (TAP) has raised its regular dividend 18 times and cut it 1 time across the 149 payments on record since 1988. Its most recent change was a 2.1% increase to $0.480 per share, going ex-dividend on Mar 6, 2026. The last cut went ex-dividend on Aug 27, 2021.

Ex-dateChangeOld → newMove
Mar 6, 2026Raise$0.470 → $0.480+2.1%
Feb 27, 2025Raise$0.440 → $0.470+6.8%
Feb 29, 2024Raise$0.410 → $0.440+7.3%
Mar 2, 2023Raise$0.380 → $0.410+7.9%
Mar 4, 2022Raise$0.340 → $0.380+11.8%
Aug 27, 2021Cut$0.570 → $0.340−40.4%
Aug 29, 2019Raise$0.410 → $0.570+39.0%
Feb 25, 2015Raise$0.370 → $0.410+10.8%
Feb 26, 2014Raise$0.320 → $0.370+15.6%
Jun 2, 2011Raise$0.280 → $0.320+14.3%
May 26, 2010Raise$0.240 → $0.280+16.7%
May 27, 2009Raise$0.200 → $0.240+20.0%
Show all 19 changes since 1988
Ex-dateChangeOld → newMove
May 28, 2008Raise$0.160 → $0.200+25.0%
Feb 24, 2005Raise$0.103 → $0.160+56.1%
May 29, 2001Raise$0.0925 → $0.103+10.8%
May 26, 2000Raise$0.0825 → $0.0925+12.1%
May 26, 1999Raise$0.0750 → $0.0825+10.0%
Aug 27, 1997Raise$0.0625 → $0.0750+20.0%
Aug 1, 1988Raise$0.0600 → $0.0625+4.2%
Every TAP payment →Download every raise and cut (CSV)
TAP ex-dividend date & scheduleNext ex-date Aug 28, 2026 · full ex-dividend historyView →TAP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is TAP a good dividend stock?

Yes, with caveats. Molson Coors Beverage Company (TAP) pays a quarterly dividend yielding 4.80% ($1.92/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is TAP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TAP's fair value is about $104.67 versus a $40.00 share price — so it looks undervalued (+162% vs. fair value).

Is TAP's dividend safe?

TAP has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

What is TAP's fair value?

Our blended fair-value estimate for TAP is about $104.67 per share, roughly 162% above the current $40.00 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TAP a buy, hold, or sell?

We don't issue formal ratings, but on the data TAP screens as "yes, with caveats" and undervalued. Molson Coors Beverage Company (TAP) pays a quarterly dividend yielding 4.80% ($1.92/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will TAP cut its dividend?

TAP earns a dividend-safety grade of C (64/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TAP pay a dividend?

Yes. Molson Coors Beverage Company pays a quarterly dividend of about $1.92 per share annually, a forward yield of roughly 4.80%.

What is TAP's dividend yield?

As of Oct 27, 2026, TAP's forward dividend yield is 4.80%, based on a $1.92 annual dividend and a $40.00 share price.

What is TAP's dividend per share?

As of Oct 27, 2026, TAP pays $1.92 per share per year, distributed on a quarterly basis.

What is TAP's dividend payout ratio?

As of Oct 27, 2026, TAP's payout ratio is 36% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TAP grown its dividend?

As of Oct 27, 2026, TAP has increased its dividend for 4 consecutive years.

When is the next TAP ex-dividend date?

As of Oct 27, 2026, TAP's next ex-dividend date hasn't been announced. The most recent was Aug 28, 2026, for $0.48 per share.

Income Calculator

At $1.92 / yr per share

Per payment (quarterly)$48.00
Annual$192.00
Monthly avg$16.00

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