The Coca-Cola Company has announced its 46th consecutive annual dividend increase

The soft drinks giant yesterday (21 February) unveiled a 12% increase in quarterly dividend, from US$0.34 to $0.38 cents per common share.

This is equivalent to an annual dividend of $1.52 per share, up from $1.36 per share in 2007.

The dividend is payable on 1 April, the company said, to shareowners of record as of 15 March.

"The increase reflects the board's continued confidence in the company's long-term cash flow," the company said