Yesterday the Board of Directors of The Coca-Cola Company announced a quarterly dividend increase of from $ 0.35 to $ 0.37 per share that’s payable April 3, 2017 to holders of record March 15, 2017. This represents a 5.71% increase to regular quarterly dividends.
With current price $41.20 (yesterday's close), this raise brings their dividend yield to 3.59%.
Since I own 150 shares, this will increase my portfolio's projected annual net dividend income by $ 8.94.
That increase rises my YOC to 3.95%.
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Congrats on the raise. It is always nice reading about pay raises just for owning shares. Keep up the awesome work.
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