US: Coca-Cola Co details dividend payment

By | 30 July 2012

The Coca-Cola Co has confirmed its next dividend payment

The Coca-Cola Co has confirmed its next dividend payment

The Coca-Cola Co has released details of its latest dividend payment.

The company announced the US$0.255 payment today (30 July), two weeks after releasing its Q2 and H1 results. Coca-Cola's desire to grab more share in the energy drinks sector may lead it to buy Monster Beverages, which has recently seen its stock price fall, an analyst said last week.

The company also announced a change in its operating structure today

For the latest Coca-Cola Co news, click here.

Show the press release

 

ATLANTA--(BUSINESS WIRE)--The Board of Directors of The Coca-Cola Company has declared a regular quarterly dividend of 25.5 cents per common share. The dividend is payable Oct. 1, 2012, to shareowners of record as of Sept. 14, 2012.

This is the first dividend payable following the recently approved two-for-one split of the Company’s common stock. The amount of the dividend was adjusted as a result of the stock split and is equivalent to the 51 cents per share regular quarterly dividend declared in the first two quarters of 2012 prior to the split.

In February, the Board of Directors approved the Company’s 50th consecutive annual dividend increase, increasing the dividend 8.5 percent from its 2011 rate.

The record date for the stock split was July 27, 2012, with new shares to be distributed on or about Aug. 10, 2012. Each shareowner of record on the close of business on the record date for the stock split will receive one additional share of common stock for each share held.

 

Original source: http://www.businesswire.com/news/home/20120730005576/en/Board-Directors-Coca-Cola-Company-Announces-Quarterly-Dividend

Sectors: Soft drinks

Companies: Coca-Cola Co

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