Dividend Aristocrat and Dividend King Coca-Cola (KO), the world’s largest soft drinks maker, said on Thursday that it is raising its quarterly dividend by 2.5% from $0.40 to $0.41 a share.
This is the 58th consecutive annual dividend increase. The dividend is payable on 1 April to shareholders on record as of 15 March. The current dividend yield is 2.86%.
Coca-Cola reaffirmed its full-year guidance, while stating that the Covid-19 virus was expected to have an impact of 1- to 2-points on organic revenue and 1- to 2-cents on earnings per share in the first quarter. This announcement was made on Friday at the CAGNY consumer analyst group conference in New York.