The Coca-Cola Co has detailed its latest dividend payment

The Coca-Cola Co has detailed its latest dividend payment

The Coca-Cola Co has announced details of its latest dividend payment.

The soft drinks producer said today (20 February) that its board has approved raising the latest quarterly dividend by 9% to US$0.35 per common share. The dividend is payable on 1 April to shareholders of record on 14 March.

“The increase reflects the board's confidence in the company's long-term cash flow,” the Atlanta-headquartered group said. Coca-Cola flagged that its overall annual dividend has seen 52 consecutive increases. 

Earlier this week, the group reported a single-digit fall in full-year net sales and profits, which it blamed on "macroeconomic challenges" in many of its markets. 

For an in-depth look at Coca-Cola's FY performance, click here.