02:05:25 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Molson Coors Canada Inc
Symbol TPX
Shares Issued 17,567,932
Recent Sedar Documents

Successful Inv refreshes Molson Coors Canada buy

2015-03-02 21:23 ET - In the News

The Successful Investor, in the March, 2015, issue, refreshes its buy of Molson Coors Canada Inc.'s Class B shares, recently $92 ($84 for the Class A shares). The Investor said buy 17 times from June, 2005, to October, 2014, at prices ranging from $40 to $99 (the stock split 2 for 1 in September, 2007). A $1,000 investment for each of the 17 buys is now worth $29,820. Molson earned $768.5-million (U.S.) or $4.13 (U.S.) a share in 2014, up from $727.1-million (U.S.) or $3.95 (U.S.) a share a year earlier. The increase came despite lower revenue, which fell to $4.1-billion (U.S.) from $4.2-billion (U.S.), as a result of selling less beer. Cost-cutting measures offset this drop. They also allowed Molson to raise its annualized dividend to $1.64 (U.S.) from $1.48 (U.S.), for a new yield of 2.5 per cent (2.3 per cent for the Class B shares). As well, Molson was able to lower its long-term debt to $2.3-billion (U.S.) at the end of 2014 from $3.2-billion (U.S.) at the end of 2013. The Investor expects that further cost-cutting measures will lead to even more money for debt repayments and dividends. Molson is a buy. The Class B shares, which have fewer voting rights but are more liquid and receive the same dividend, are the better choice.

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