Coca-Cola Consolidated declares Q2 dividend

Coca-Cola Consolidated declares Q2 dividend

Coca-Cola Bottling Co Consolidated has confirmed details of its dividend payment for the second quarter of 2010.

The dividend is of US$0.25 per share on shares of the company's common stock and Class B common stock payable on 21 May to shareholders of record as of the close of business on 7 May.

Last month, cost controls and higher prices helped the firm report a strong rise in profits for 2009. Net profits soared to US$38m for the 12 months to the end of December, compared to just $9m in 2008.