US: Coke Consolidated lines up Q1 dividend payment

By just-drinks.com editorial team | 26 January 2009

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

The US-based soft drinks bottler said late last week that its board has declared a dividend for the first quarter of 2009 of US$0.25 per share on shares of the company's common stock and class B common stock.

Payment will be made on 20 February, the company said, to shareholders of record as of the close of business on 9 February.

In October, Coke Consolidated posted a fall in net profit for the first nine months of 2008 to $7.7m from $21.6m in the corresponding period a year earlier. Sales increased slightly in the nine-month period, to $1.12bn from $1.09bn.

Sectors: Soft drinks, Water

Companies: Coke, Coca-Cola Bottling