Yesterday, February 20, the Board of Directors of The Coca-Cola Company announced a quarterly dividend increase from $ 0.40 to $ 0.41 per share that’s payable April 1, 2020 to holders of record March 16, 2020. This represents a 2.50% increase to the last quarterly dividend.
The company returned $6.8 billion in dividends to
shareowners in 2019, bringing the total amount given back to shareowners
through dividends since Jan. 1, 2010, to $54.9 billion.
This represents the Company’s 58th consecutive annual
dividend per share increase.
With current price $ 59.72 (yesterday's close), this
raise brings their dividend yield to 2.75 %.
KO is a Dividend Champion with a 58 year streak of
dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 2.6, 4.6,
5.6 and 6.9. (Dividend
Champions.xls)
Since I own 150 shares of KO, this will increase my
portfolio's projected annual net dividend income by $ 4.47.
This increase raises my YOC to 4.38%.
Summary of 2020 Dividend Increases / Cuts
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