Coca-Cola Enterprises, Inc. (NYSE:CCE) has declared its regular quarterly dividend of $0.09 per common share. The dividend has been increased by 12.5%. The quarterly dividend rate is equal to an annual dividend of $0.36 per common share. The dividend will be payable to shareholders of record as of March 12, 2010. It is payable on March 25, 2010. The company’s chairman and chief executive officer, John Brock, notes that the dividend increase reflects the company’s confidence in its long term cash flow, representing a 50% increase in its annualized dividend since 2006.
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Coca-Cola Enterprises Inc. is engaged in marketing, producing and distributing non-alcoholic beverages. The Company serves a market of approximately 419 million consumers throughout the United States, Canada, the United States Virgin Islands, and certain other Caribbean islands, Belgium, continental France, Great Britain, Luxembourg, Monaco and Netherlands. It represents 16% of the total Coca-Cola product volume globally. During the year ended December 31, 2008, the Company sold approximately 42 billion bottles and cans (or 2 billion physical cases) throughout its territories. Products licensed to the Company through The Coca-Cola Company (TCCC) and its affiliates and joint ventures represented approximately 93% of its volume in 2008. In March 2008, the Company acquired the Cen-Tex Coca-Cola Bottling Company, a franchised Coca-Cola bottling company in Mexia, Texas.
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