Coca-Cola quarterly dividend up 10 percent

Owners of Coca-Cola stock will get a 10 percent increase in their quarterly dividend, the company said Thursday.

The hike, the beverage giant’s 51st in a row, raises the dividend to 28 cents per share from 25.5 cents a share. The increase is equivalent to an annual dividend of $1.12 a share, up from $1.02 a share last year, the company said.

The dividend will be paid on April 1 to shareowners of record as of March 15 of this year.

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