A dividend of US$0.38 per share will be paid by The Coca-Cola Co, following the soft drinks giant's third quarter earnings rise.

Coca-Cola said today (17 October) that all common shareholders listed on 1 December would be eligible for the dividend, to be paid on 15 December.

The firm also announced the appointment of Clyde Tuggle to the newly created role of senior vice president. Tuggle, a 19-year Coca-Cola veteran, was previously president of the Russia, Ukraine and Belarus division.

Coca-Cola this week said net income has risen 14% to $1.9bn in the three months to 26 September. Total revenue grew 9% to US$8.4bn, with international markets more than offsetting a sluggish North American drinks sector.

The group added today that it has elected Maria Elena Lagomasino as a director of the company. Lagomasino is chief executive officer of GenSpring Family Offices, one of the premier wealth management firms in the US.