The Coca-Cola Company (NYSE:KO) has declared its quarterly dividend of $0.44 per common share. This represents a 7% increase in the quarter’s dividends. The previous quarter announced a dividend of $0.41. The current dividend is equivalent to an annual dividend of $1.76 per share. The annual dividend is up from 2009’s $1.64 per share. The increase in dividend reflects the Board’s confidence in the company’s long term cash flow. $5.3 billion was returned to its shareholders in 2009 through $3.8 billion in dividends and $1.5 billion in share repurchases. This quarter’s dividend will be payable on April 1, 2010. The record date is March 15, 2010.
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The Coca-Cola Company is a manufacturer, distributor and marketer of nonalcoholic beverage concentrates and syrups in the world. Finished beverage products bearing its trademarks are sold in more than 200 countries. The Company markets nonalcoholic sparkling brands, which include Diet Coke, Fanta and Sprite. The Company manufactures beverage concentrates and syrups, which it sells to bottling and canning operations, fountain wholesalers and some fountain retailers, as well as finished beverages, which it sells primarily to distributors. The Company owns or licenses approximately 500 brands, including diet and light beverages, waters, enhanced waters, juices and juice drinks, teas, coffees, and energy and sports drinks. During 2008, the Company acquired the brands and licenses in Denmark and Finland from Carlsberg Group Beverages (Carlsberg).
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