Coca-Cola Consolidated confirms latest dividend

Coca-Cola Consolidated confirms latest dividend

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

The company, which is the second largest bottler of products of The Coca-Cola Co in the US, announced on Friday (22 January) that it will pay a dividend for the first quarter of 2010 of US$0.25 per share.

The payment, which will apply to each share of the company’s common stock and class B common stock, will be payable on 19 February to shareholders of record.

Back in October, the firm paid a dividend for the fourth quarter of 2009 of US$0.25 per share. A month later, the company posted a healthy set of profits for its third quarter, despite dipping sales.