DENVER & MONTREAL--(BUSINESS WIRE)--Molson Coors Brewing Company (MCBC) (NYSE: TAP, TAP.A) today announced that its Board of Directors has increased the quarterly dividend on its Class A and Class B common shares by 14 percent, or $0.04, to US$0.32 per share, payable June 15, 2011, to shareholders of record on June 6, 2011. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company. In addition, Molson Coors Canada Inc. (TSX: TPX.B, TPX.A), a wholly owned subsidiary of MCBC, declared a quarterly dividend of approximately CDN$0.31 (the Canadian dollar equivalent of the dividend declared on Molson Coors stock), payable June 15, 2011, to its Class A and Class B exchangeable shareholders of record on June 6, 2011.
With this fourth consecutive annual increase, the company’s quarterly dividend rate has doubled from four years ago.
About Molson Coors
Molson Coors Brewing Company is a leading global brewer delivering extraordinary brands that delight the world’s beer drinkers. It brews, markets and sells a portfolio of leading premium brands such as Coors Light, Molson Canadian, Carling, Blue Moon, and Keystone Light across The Americas, Europe and Asia. It operates in Canada through Molson Coors Canada; in the US through MillerCoors; and in the U.K. and Ireland through Molson Coors UK. For more information regarding Molson Coors Brewing Company and our portfolio of brands, visit the company's Web site, www.molsoncoors.com.
About Molson Coors Canada Inc.
Molson Coors Canada Inc. (MCCI) is a wholly owned subsidiary of Molson Coors Brewing Company. MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC’s annual proxy and 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.