Coca Cola Co. (KO) will boost its quarterly dividend from 41 to 44 percent or by 7 percent according to a release from the company on Thursday. The increase from 2009’s $1.64 will place the annual dividend at $1.76 per share. Last year Coke returned $5.3 billion to shareholders broken down by $3.8 billion in dividends and $1.5 billion in the repurchasing of shares.
This announcement marks nearly 50 consecutive years of Coca Cola increasing its dividend.
The move is described by the company as indicative of “the board's confidence in the company's long term cash flow."
Shares of Coca Cola improved by 0.5 percent to trade at $55.63 on Thursday afternoon.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription
