Coca-Cola raises dividend, to boost yield to about 3.3% (2024)

FAQs

Did Coca-Cola increase its dividend? ›

The Coca-Cola Company (NYSE:KO) will increase its dividend from last year's comparable payment on the 1st of April to $0.485. The payment will take the dividend yield to 3.3%, which is in line with the average for the industry.

Shares of Coca-Cola Co. gained Thursday, after the beverage giant raised its dividend, effectively increasing its yield advantage over rival PepsiCo Inc. Coca-Cola said it is raising its quarterly dividend by 5.4%, to 48.5 cents a share, from 46 cents a share.

Coca-Cola (NYSE: KO) declared a quarterly dividend of $0.485 per share, or $1.94 annualized. The dividend will be payable on July 1, 2024, to stockholders of record on June 14, 2024, with an ex-dividend date of June 13, 2024. The annual yield on the dividend is 3.1 percent.

KO pays a dividend of $0.48 per share. KO's annual dividend yield is 3.02%. When is Coca-Cola ex-dividend date? Coca-Cola's previous ex-dividend date was on Mar 14, 2024.

The business generates tons of free cash flow, to the tune of $9.7 billion in 2023. Even after investing in capital expenditures, there are a lot of resources left to fund dividends. The current 3.2% yield is healthy. But even more impressive, Coca-Cola has increased its annual dividend payout in 62 straight years.

The Company normally pays dividends four times a year, usually April 1, July 1, October 1 and December 15. Shareowners of record can elect to receive their dividend payments electronically or by check in the currency of their choice.

The Bottom Line. Warren Buffett's nearly 60% yield on his Coca-Cola investment is a powerful reminder of the rewards that can come from identifying great businesses and having the patience to hold them for the long term.

Coca-Cola's Dividend Is Well Covered By Earnings

The next year is set to see EPS grow by 27.6%. Assuming the dividend continues along recent trends, we think the payout ratio could be 62% by next year, which is in a pretty sustainable range.

PepsiCo, Inc.'s ( PEP ) ex-dividend date is June 7, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. PepsiCo, Inc. ( PEP ) pays dividends on a quarterly basis.

Is Coca Cola a monthly dividend stock? ›

The Coca-Cola Company ( KO ) pays dividends on a quarterly basis. The Coca-Cola Company ( KO ) has increased its dividends for 52 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.

Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date. That's one day before the ex-dividend date.

Is Coca-Cola stock a Buy, Sell or Hold? Coca-Cola stock has received a consensus rating of buy. The average rating score is A1 and is based on 37 buy ratings, 6 hold ratings, and 0 sell ratings.

Dividend History and Growth

The Coca-Cola Company ( KO ) dividend payments per share are an average of 4.78% over the past 12 months, 4.17% over the past 36 months, 3.50% over the past 60 months, and 5.00% over the past 120 months.

Both Pepsi and Coca-Cola are Dividend Kings, meaning that each has paid and increased the dividend annually for at least 50 years. With dividend stocks, two important metrics are the dividend yield and the dividend payout ratio.