Coca-Cola Bottling (NASDAQ: COKE ) is about to pull the tab on a fresh shareholder payout. The company has declared a dividend of $0.25 per share for its Q4. This will be paid for both its common and class B stock on Nov. 15 to shareholders of record as of Nov. 1. That amount is the firm's traditional disbursement; it has been dispensing it on a steady and consistent basis since February 1994.
The dividend annualizes to an even $1.00 per share. That yields 1.6% at Coca-Cola Bottling's current stock price of $63.24.
In its most recently reported quarter, the company posted net sales of $429 million, essentially flat on a year-over-year basis. Its attributable net income was $11.2 million ($1.21 per diluted share), up from the year-ago quarter's $10.7 million ($1.16).