Coca-Cola raises dividend to 30.5 cents from 28 cents, citing confidence in its cash flow

The Associated Press 0

NEW YORK, N.Y. – Coca-Cola is raising its quarterly dividend by 9 per cent.

The next dividend is payable April 1 to shareholders of record as of March 14. Coca-Cola says raising the dividend to 30.5 cents from 28 cents reflects the confidence it has in its long-term cash flow.

The Atlanta company returned $9.8 billion to shareholders in 2013 through $5 billion in dividends and by buying back $4.8 billion in stock. It says it has returned $34.7 billion to shareholders since the start of 2010.

In addition to its namesake brand, Coca-Cola Co. also sells Spite, Dasani water, Minute Maid orange juice, and Vitaminwater.

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