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.

Coca-Cola solidified its status as a dividend king with a 5.4% increase in its payout. The soft-drink leader boosted its quarterly payout to 48.5 cents a share from 46 cents, accordin g to a news release Thursday afternoon. Coca-Cola shares now yield 3.3% based on the new payout with the stock up 0.2% to $59.43.

ATLANTA, February 15, 2024--(BUSINESS WIRE)--The Board of Directors of The Coca-Cola Company today approved the company's 62^nd consecutive annual dividend increase, raising the quarterly dividend approximately 5.4% from 46 cents to 48.5 cents per common share.

Key Highlights. Consumer Non-Durables stocks do not always pay a dividend but as Coca-cola Company, The pays dividends to reward its shareholders. In the quarter ending March 2024, Coca-cola Company, The has declared dividend of $0.49 - translating a dividend yield of 3.92%.

Coca-Cola's dividend profile shows a stable history with a 10-year growth in payments, supported by a reasonable payout ratio of 74.7% and cash payout ratio of 83.4%, ensuring dividends are well-covered by earnings and cash flow.

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 Coca-Cola Company's ( KO ) dividend yield is 3.14%, which means that for every $100 invested in the company's stock, investors would receive $3.14 in dividends per year. The Coca-Cola Company's payout ratio is 74.22% which means that 74.22% of the company's earnings are paid out as dividends.

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.

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.

Dividend Summary

The next Coca-Cola Co dividend is expected to go ex in 2 months and to be paid in 2 months. The previous Coca-Cola Co dividend was 48.5c and it went ex 2 months ago and it was paid 27 days ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.9.

How much will Coca-Cola stock be worth in 5 years? ›

Coca-Cola stock price stood at $62.17

According to the latest long-term forecast, Coca-Cola price will hit $65 by the middle of 2025 and then $70 by the middle of 2026. Coca-Cola will rise to $80 within the year of 2027, $85 in 2028, $100 in 2029, $110 in 2030 and $125 in 2033.

Coca-Cola Stock Prediction 2030

In 2030, the Coca-Cola stock will reach $ 76.93 if it maintains its current 10-year average growth rate. If this Coca-Cola stock prediction for 2030 materializes, KO stock will grow 24.20% from its current price.

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.

Board of Directors of The Coca-Cola Company Approves 62nd Consecutive Annual Dividend Increase :: The Coca-Cola Company (KO)

ATLANTA--(BUSINESS WIRE)-- The Board of Directors of The Coca-Cola Company today approved the company's 62^nd consecutive annual dividend increase, raising the quarterly dividend approximately 5.4% from 46 cents to 48.5 cents per common share.

co*ke is projecting organic sales growth of between 6% and 7% (compared to Pepsi's 4%) for 2024. The company is also expecting earnings gains to outpace revenue growth, likely keeping co*ke's profit margin close to its current impressive rate of nearly 30% of sales.

The next dividend payment is planned on June 10, 2024 . Target Corporation ( TGT ) has increased its dividends for 52 consecutive years.

The total amount of dividends received from equity method investees was $628 million, $551 million and $443 million for the years ended December 31, 2019, 2018 and 2017, respectively.