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).
Fool contributor Eric Volkman has no position in Coca-Cola Bottling. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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