Coca-Cola increases annual dividend 11%

by FoodBusinessNews.net Staff
Share This:

ATLANTA — The board of directors of The Coca-Cola Co. has approved the company’s 44th consecutive annual dividend increase, raising the quarterly dividend 11% from 28c to 31c per common share. This is equivalent to an annual dividend of $1.24 per share, up from $1.12 per share in 2005.

The dividend is payable April 1 to shareowners of record as of March 15.

The increase reflects the board’s confidence in the company’s long-term cash flow. Cash from operations in 2005 reached a record $6.4 billion, up 8% from 2004. The company returned $4.7 billion to shareowners during the year through $2.7 billion in dividends and $2 billion in share repurchases.

In the past five years, the company’s dividends have grown at a compound annual rate of more than 10%.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.








The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.