The Coca-Cola Company Announces Quarterly Dividend Increase From $0.46 To $0.485 Per Share
Portfolio Pulse from Benzinga Newsdesk
The Coca-Cola Company (KO) has announced a 5.4% increase in its quarterly dividend, from $0.46 to $0.485 per share, marking its 62nd consecutive annual dividend increase. This adjustment raises the annual dividend to $1.94 per share from $1.84 in 2023. The first quarter dividend will be payable on April 1 to shareholders of record as of March 15. In 2023, Coca-Cola returned $8 billion in dividends, with a total of $84.7 billion paid out since 2010.
February 15, 2024 | 7:02 pm
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Coca-Cola announces a 5.4% increase in its quarterly dividend to $0.485 per share, marking its 62nd consecutive annual increase, with an annual dividend now at $1.94.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Coca-Cola's consistent history of dividend increases further strengthens investor confidence, likely leading to a positive short-term impact on its stock price.
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