Coca-Cola Consolidated: Dividend Insights
Portfolio Pulse from Benzinga Insights
Coca-Cola Consolidated (NASDAQ:COKE) announced a quarterly dividend of 50 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on February 09, 2024. The stock is expected to open 50 cents lower on the ex-dividend date.
January 22, 2024 | 2:45 pm
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Coca-Cola Consolidated will pay a 50 cents per share dividend, with shares likely to open lower by the dividend amount on the ex-dividend date.
The stock is expected to open lower by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This anticipated drop is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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IMPORTANCE 75
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