ATLANTA--(BUSINESS WIRE)--The Board of Directors of The Coca-Cola Company today approved the company’s 62nd consecutive annual dividend increase, raising the quarterly dividend approximately 5.4% from 46 cents to 48.5 cents per common share.
The quarterly dividend is equivalent to an annual dividend of $1.94 per share, up from $1.84 per share in 2023. The first quarter dividend is payable April 1 to shareowners of record as of March 15.
The company returned $8 billion in dividends to shareowners in 2023, bringing the total amount of dividends paid to shareowners since Jan. 1, 2010, to $84.7 billion.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Instagram, Facebook and LinkedIn.
Investors and Analysts: Robin Halpern, koinvestorrelations@coca-cola.com
Media: Scott Leith, sleith@coca-cola.com
Source: The Coca-Cola Company
Released February 15, 2024
FAQs
ATLANTA, Feb. 15, 2024 – The Board of Directors of The Coca‑Cola Company today approved the company's 62nd consecutive annual dividend increase, raising the quarterly dividend approximately 5.4% from 46 cents to 48.5 cents per common share.
Did KO increase dividends in 2024? ›
Last month KO announced a 5.43% increase in the quarterly dividend for 2024 as they bumped it up to $0.485 from $0.46.
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.
How much does Coca-Cola pay in dividends a year? ›
The company raised its dividend 5.4% in February to $0.485 per share quarterly, or $1.94 annually. At the current stock price, the dividend yields 3.1%, or about 2.5 times the average S&P 500 yield. Coca-Cola isn't just a top dividend stock because of its high yield; the dividend is reliable and growing.
What would happen if I invested $1000 in co*ke 10 years ago? ›
You would have more than doubled your money, with a total investment worth of $2,029.55. That's a 103% return, or a 7.23% annual rate of return. Interestingly, despite co*ke's dominance on the world stage, investing in co*ke's main rival, Pepsi, 10 years ago would have given you more pop for your buck.
Is KO still a good dividend stock? ›
The soda maker is still a great evergreen investment. Coca-Cola (KO 0.05%) is often considered a safe blue chip stock. It owns the world's top soda brand, it generates plenty of cash, and it pays consistent dividends. But over the past 12 months, its stock declined 3% as the S&P 500 rallied 23%.
What are the three dividend stocks to buy and hold forever? ›
Here are three magnificent dividend stocks to buy and hold forever.
- Johnson & Johnson. Johnson & Johnson (JNJ 0.96%) has been a favorite for income investors for decades. ...
- Target. Target (TGT 4.20%) has been in business since 1902. ...
- Verizon Communications. Verizon Communications (VZ 2.03%) is the newbie on the list.
Dividend growth: PepsiCo wins
Looking back since the peak of the Covid-19 crisis (see chart below), PepsiCo has increased its per-share dividend payments at a substantially faster pace than Coca-Cola: 10% today on a trailing 12-month basis versus co*ke's 5%.
How much dividend does Coca-Cola pay Warren Buffett? ›
Berkshire currently owns 400 million shares of Coca-Cola. This means that on an annualized basis, Warren Buffett's company generates $736 million in dividend income from the beverage giant. That is a huge passive income stream that likely explains why Buffett isn't exiting the position.
Why is Coca-Cola a good dividend stock? ›
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.
Some of the highest dividend paying stocks in India are Vedanta Ltd., Hindustan Zinc Ltd, Coal India Ltd, T.V. Today Network Ltd, Bhansali Engineering Polymers Ltd, Balmer Lawrie Investment Ltd, Coal India Ltd.
What is the dividend on $100 shares of Coca-Cola? ›
The Coca-Cola Company's ( KO ) dividend yield is 3.09%, which means that for every $100 invested in the company's stock, investors would receive $3.09 in dividends per year. The Coca-Cola Company's payout ratio is 73.72% which means that 73.72% of the company's earnings are paid out as dividends.
Who are the major shareholders of Coca-Cola? ›
Largest shareholders include Berkshire Hathaway Inc, Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Fmr Llc, and Charles Schwab Investment Management ...
How much debt is co*ke in? ›
Total debt on the balance sheet as of March 2024 : $42.55 B
According to Coca-Cola's latest financial reports the company's total debt is $42.55 B. A company's total debt is the sum of all current and non-current debts.
What are the cons of investing in Coca-Cola? ›
Con: It's Expensive
KO's price-earnings ratio is a staggering 42.4. That's nearly double PepsiCo's 23.5 P/E ratio. The firm's earnings-per-share growth this year is only expected to be around 5% — so at the moment KO stock looks overvalued.
Is co*ke over or undervalued? ›
With its 3-star rating, we believe co*ke's stock is fairly valued compared with our long-term fair value estimate, which we maintain at $60 per share. Our fair value estimate implies a 22 times multiple against our adjusted 2024 earnings estimate and a 2023 enterprise value/adjusted EBITDA multiple of 19 times.
What is the KO stock forecast for 2025? ›
According to analysts, KO price target is 67.95 USD with a max estimate of 78.00 USD and a min estimate of 60.00 USD.
What is the 5 year dividend growth rate for KO? ›
During the past 5 years, the average Dividends Per Share Growth Rate was 3.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.70% per year.
Will Coca-Cola stock split soon? ›
Coca-Cola didn't have an upcoming stock split on the docket as of mid-2023. However, the company has completed several stock splits throughout its history.
What will the price of KO stock be in 2030? ›
According to our Coca-Cola stock prediction for 2030, KO stock will be priced at $ 76.65 in 2030. This forecast is based on the stock's average growth over the past 10 years.
