Introduction
After spending decades growing their dividend across time, Molson Coors (TAP) has recently taken the painful decision to completely suspend their dividend due to the economic fallout from the coronavirus. Since this has already happened, the bigger question going forward for shareholders is whether they can realistically expect their previous dividend to be reinstated and if so, approximately how long will they be required to wait.
Dividend Coverage
When assessing dividend coverage, I prefer to forgo using earnings per share and use free cash flow instead, since dividends are paid from cash