10 Best Dividend-Paying Beverage Stocks to Buy Now

7. Molson Coors Beverage Company (NYSE:TAP)

Number of Hedge Fund Holders: 41

Dividend Yield as of May 26: 4.63%

Molson Coors Beverage Company (NYSE:TAP) manufactures, markets, distributes, and sells beer and other malt beverage products. The company also offers a modern portfolio that expands beyond the beer aisle with energy drinks, non-alc beer, and canned cocktails, ready-to-drink coffee, and more.

Molson Coors Beverage Company (NYSE:TAP) announced on May 20 that it has commenced an underwritten public offering of $1.5 billion in senior notes. This includes $500 million of 4.900% senior notes due in 2031 and $1 billion of 5.500% senior notes due in 2036. The notes have been assigned a ‘BBB’ issue-level rating by S&P Global Ratings.

The offering is expected to close on or about May 27, with the net proceeds going towards general corporate purposes, including the repayment of the $2 billion 3.00% Senior Notes due 2026.

Molson Coors Beverage Company (NYSE:TAP) exceeded estimates in its Q1 2026 report last month, supported by price increases and demand for premium beer, especially ​in its Americas business. The company also reaffirmed its full-year 2026 guidance, expecting net sales plus or minus 1% versus last year and adjusted EPS to fall between 11% and 15%. The beverage-maker is also forecasting its US volumes to be down 6% to 9% in the second quarter, with cost pressures peaking mid‑year before easing in ​the second half.