US: Coca-Cola Co details dividend payment
By Andy Morton | 30 July 2012
 |
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.
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
View next/previous articles
30 Jul 2012 -Currently reading -
US: Coca-Cola Co details dividend payment
Related research
Coca-Cola Co in Health and Wellness - World
The Coca-Cola Company is the largest player in the global health and wellness (H&W) market, with a leading position in better for you beverages as well as a strong position as the global number two in fortified/functional beverages. H&W beverages are...
Coca-Cola Co, The in Soft Drinks (World )
The Coca-Cola Company, the world’s leading soft drinks company, has a stated aim to double its size over the 2010 to 2020 decade. However, with US sales on the decline and regular carbonates losing their appeal, the company needs growth to come in th...
Functional bottled water suffered a decline of 4% in off-trade value sales in 2010, an abrupt decline from the CAGR of almost 40% over the review period. The leading brand in functional bottled water, VitaminWater, is being sued for having a misleadi...
Related articles
PHILIPPINES: Coca-Cola FEMSA seals Coca-Cola Bottlers Philippines deal
Coca-Cola FEMSA has completed the takeover of a majority stake in Coca-Cola Bottlers Philippines, the company's first acquisition outside Latin America.
GLOBAL: Coca-Cola Co to "mobilise" behind anti-obesity drive - CEO
The head of the Coca-Cola Co wants to use his company's marketing might to drive home anti-obesity education.
There are currently no comments on this article
Be the first to comment on this article