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.
Go deeper with GlobalData
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.
Stay informed for just £1! *
Get access to unbiased and data-driven news with a subscription to Just Drinks.
What’s included in your subscription:
- Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
- Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot
beverages - Unrivalled drinks industry comment from Dean Best, Jessica Broadbent and leading sector specialists
Have a Subscribtion Sign in
Get help with subscribing or signing in
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData*30-day digital subscription for £1. Available to new subscribers only
