Coca-Cola Co. has raised its quarterly dividend by 7 percent, marking the company's 49th consecutive annual dividend increase. The quarterly dividend was raised to 47 cents per share from 44 cents. The annual dividend rate of $1.88 per share is up from $1.76 per share last year.
"The increase reflects the board's confidence in the company's long-term cash flow," the company said in a statement. Coca-Cola returned $7.2 billion to investors in 2010, through $4.1 billion in dividends and $3.1 billion in share repurchases.
Follow the AJC's coverage of Coca-Cola on Twitter.
About the Author
Keep Reading
The Latest
