- Coca-Cola (KO) increased its quarterly dividend by two cents, marking its 61st consecutive year of dividend increases for the beverage maker.
- This reflects a 4.6% increase in the beverage maker’s dividend and is payable by 3rd April to shareowners as of March 17th. This new payout is equal to $1.84 a year and represents an annual yield of 3.1% based on Wednesday's closing price of $59.
- The beverage maker is not the only company to raise its dividends last week – Humana, Cisco Systems, Sherwin-Williams, and a few others did the same.
Why it matters
Coca-Cola's 61st consecutive year of dividend increases is indicative of the company's financial strength and profitability. The dividend increase also serves as a reward to loyal shareholders, showing that the company is committed to rewarding its long-term investors.
