Coca-Cola Consolidated Increases Dividend to $2.50 a Share, Approves $1B Buyback

Dow Jones08-21

By Denny Jacob

Coca-Cola Consolidated increased its quarterly dividend to $2.50 a share from 50 cents a share.

The new payout, equal to $10 a year, represents an annual yield of about 0.8% based on Tuesday's closing share price of $1,267.97.

The bottler of Coca-Cola beverages said the dividend will be payable on Nov. 8 to common stock and Class B common stock shareholders of record as of Oct. 25.

Coca-Cola Consolidated's board also approved a $1 billion share repurchase program for its common stock.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

August 20, 2024 16:40 ET (20:40 GMT)

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