Coca-Cola Enterprises has increased the company’s regular quarterly dividend by 12.5% to $0.09 per common share.
The quarterly dividend rate is equivalent to an annual dividend of $0.36 per common share. The dividend is payable 25 March 2010 to shareowners of record on 12 March.
“This is a demonstration of our stated commitment to increase returns of cash to shareowners,” said John Brock, chairman and CEO. “This increase reflects our board’s confidence in our long-term cash flow and represents a 50 percent increase in our annualized dividend since 2006.”
The firm last week reported a swing to full-year profits as volume growth in Europe offset a decline in North America.
The US bottler reported a net income of US$731m for the 12 months to 31 December. This compared to losses of $4.39bn in the previous year.
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