Coca-Cola raises quarterly dividend by 9 percentFebruary 20, 2014 @ 7:53 am
NEW YORK (AP) - Coca-Cola is raising its quarterly dividend by 9 percent.
The next dividend is payable April 1 to shareholders of record as of March 14. Coca-Cola says raising the dividend to 30.5 cents from 28 cents reflects the confidence it has in its long-term cash flow.
The Atlanta company returned $9.8 billion to shareholders in 2013 through $5 billion in dividends and by buying back $4.8 billion in stock. It says it has returned $34.7 billion to shareholders since the start of 2010.
In addition to its namesake brand, Coca-Cola Co. also sells Spite, Dasani water, Minute Maid orange juice, and Vitaminwater.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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