US: Coca-Cola Co readies October dividend payment

By | 22 July 2013

Coca-Cola saw profits fall last week

Coca-Cola saw profits fall last week

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

The soft drinks maker said it will pay US$0.28 per share in cash as a regular dividend payment. The dividend will be issued on 1 October to shareholders of record on 16 September, Coca-Cola said.

In February, Coca-Cola's board of director's approved the company's 51st consecutive annual dividend with a 10% increase to $0.28. Also this year, PepsiCo announced its 41st consecutive annual dividend.

Last week, Coca-Cola blamed poor weather for a drop in first-half sales and profits despite brand Coca-Cola seeing a 2% volumes rise.

Expert analysis

Coca-Cola Co, The in Soft Drinks (World)

The Coca-Cola Company slightly underperformed the world’s soft drinks market amid the recession in Western Europe and slow economic recovery in the US. It is actively expanding in low calorie carbonates to retain consumers and widening the use of natural sweeteners in its beverages. The part acquisition of Aujan will help TCCC to accelerate its expansion into the Middle East and Africa region and the full takeover of Innocent is likely to boost its position in premium juice in Western Europe.

Sectors: Soft drinks

Companies: Coca-Cola Co, PepsiCo

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US: Coca-Cola Co readies October dividend payment

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