Molson Coors set to reinstate dividend despite drop in first-quarter sales
In this Feb. 14, 2018, file photo, Molson Coors products Molson beer, left, and Coors Light beer in Walpole, Mass. THE CANADIAN PRESS/AP-Steven Senne April 29, 2021 - 9:51 AM
MONTREAL - Molson Coors Beverage Co. said it expects to be in a position to reinstate its dividend in the second half of this year after its first-quarter profit beat expectations even as its revenue dropped nearly 10 per cent from a year ago.
The brewery and beverage company suspended its quarterly dividend and furloughed some employees as part of efforts last May due to global uncertainty caused by the COVID-19 pandemic.
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MONTREAL - Molson Coors Beverage Co. said it expects to be in a position to reinstate its dividend in the second half of this year after its first-quarter profit beat expectations even as its revenue dropped nearly 10 per cent from a year ago.
In this Feb. 14, 2018, file photo, Molson Coors products Molson beer, left, and Coors Light beer in Walpole, Mass. THE CANADIAN PRESS/AP-Steven Senne
MONTREAL - Molson Coors Beverage Co. said it expects to be in a position to reinstate its dividend in the second half of this year after its first-quarter profit beat expectations even as its revenue dropped nearly 10 per cent from a year ago.
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