The board of directors of The Coca-Cola Co has approved the company’s 48th consecutive annual dividend increase.
The increase, announced today (19 February), raises the quarterly dividend approximately 7% from 41 cents to 44 cents per common share. This is equivalent to an annual dividend of $1.76 per share, up from $1.64 per share in 2009.
The first quarterly dividend is payable 1 April to shareowners of record as of 15 March.
“The increase reflects the board’s confidence in the company’s long-term cash flow. The company returned $5.3bn to shareowners in 2009, through $3.8bn in dividends and $1.5bn in share repurchases,” the firm said.
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