Coke Raises Dividend by 10%, Promotes Top Executives

Coca-Cola (NYSE: KO  ) will pay $0.28 per share of common stock on April 1 to shareholders of record as of March 15, an increase of nearly 10% over the $0.255 the company handed out in its previous two disbursements. This was after a two-for-one stock split; before the split, Coke paid exactly twice that amount at $0.51.

The new annual dividend, announced Thursday, annualizes to $1.12 per share. This yields just under 3% at the current stock price of $37.71. It is Coke's 51st consecutive annual dividend increase.

Coke also announced a series of executive promotions. President of Coca-Cola International Ahmet Bozer and President of Coca-Cola Americas Steven Cahillane were both named executive vice presidents, while Global Chief Customer Officer J. Alexander Douglas is to assume the post of senior vice president. All three appointments are effective immediately.

linkBozer, Cahillane, and Douglas each assumed their current roles effective Jan. 1 as part of the company’s new global operating structure announced last July.

link


Read/Post Comments (0) | Recommend This Article (6)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2271435, ~/Articles/ArticleHandler.aspx, 7/31/2014 11:42:05 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 16,707.19 -173.17 -1.03%
S&P 500 1,943.67 -26.40 -1.34%
NASD 4,394.74 -68.16 -1.53%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/31/2014 11:22 AM
KO $39.57 Down -0.05 -0.13%
Coca-Cola CAPS Rating: ****

Advertisement