Buy these beverage makers for reliable dividends

Article Excerpt

MOLSON COORS CANADA INC. (Toronto symbols TPX.A $110 and TPX.B $101; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 216.5 million; Market cap: $21.9 billion; Dividend yield: 2.1%; Dividend Sustainability Rating: Above Average; www.molsoncoors. com) is the world’s third largest brewer. Its main brands include Molson Canadian (Canada), Coors Light (the U.S.) and Carling (the U.K.). The company last raised its quarterly dividend with the February 2015 payment. Investors now receive $0.41 U.S. a share for an annual rate of $1.64 U.S. The stock yields 1.9% for the A shares (2.1% for the B shares). In October 2016, Molson Coors acquired the remaining 58% of the MillerCoors brewing joint venture from SABMiller for $12 billion (all amounts except share prices and market cap in U.S. dollars). It now owns 100% of this business. MillerCoors was formed in 2008, when Molson and SABMiller entered a joint-venture agreement to combine their U.S. brewing operations. As a result of its 100% owner, Molson Coors’s revenue in…