Coca-Cola Consolidated Board Approves $1B Share Repurchase Program, Increases Quarterly Dividend From $0.50 To $2.50/Share
Portfolio Pulse from Benzinga Newsdesk
Coca-Cola Consolidated has announced a $1 billion share repurchase program and increased its quarterly dividend from $0.50 to $2.50 per share.
August 20, 2024 | 8:11 pm
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POSITIVE IMPACT
Coca-Cola Consolidated has approved a $1 billion share repurchase program and increased its quarterly dividend from $0.50 to $2.50 per share, signaling strong financial health and commitment to returning value to shareholders.
The announcement of a $1 billion share repurchase program and a significant increase in the quarterly dividend from $0.50 to $2.50 per share is a strong positive signal to investors. It indicates that the company is confident in its financial position and is committed to returning value to shareholders. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100