Coca-Cola Europacific Partners Declared Second Half Interim Dividend/Share of €1.17
Portfolio Pulse from Benzinga Newsdesk
Coca-Cola Europacific Partners (CCEP) has declared a second half interim dividend per share of €1.17, to be paid in December 2023. This results in a full year dividend per share of €1.84, a 9.5% increase compared to 2022, maintaining an annualized total dividend payout ratio of approximately 50%.
November 01, 2023 | 7:35 am
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POSITIVE IMPACT
CCEP's declaration of a higher interim dividend per share could be a positive signal to investors, indicating the company's strong financial performance and commitment to shareholder returns.
Dividends are a key factor for many investors when choosing stocks, as they represent a share of the company's profits returned to shareholders. The increase in CCEP's dividend per share suggests the company is performing well financially and is committed to returning value to its shareholders. This could potentially lead to increased demand for the stock, driving up its price in the short term.
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IMPORTANCE 80
RELEVANCE 100