A week after the release of its full year result, The Coca-Cola company has announced that its annual dividend for 2016 will be USD1.48 per share.
The dividend marks the company’s 55th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 35 cents to 37 cents per common share.
This is equivalent to an annual dividend of $1.48 per share, up from $1.40 per share in 2016. The first quarterly dividend is payable April 3, 2017, to shareowners of record as of March 15, 2017.
The increase reflects the Board’s confidence in the company’s long-term cash flow. The Coca-Cola Company returned $6 billion in dividends to shareowners in 2016, bringing to $35 billion the total amount given back to shareowners through dividends since Jan. 1, 2010.