NEW YORK (AP) -- The Coca-Cola Co. on Thursday raised its quarterly dividend by 8.5 percent, to 51 cents per share from 47 cents per share.
The dividend is payable April 1 to shareholders of record March 15. Coca-Cola said it has increased its annual dividend 50 years in a row.
The Atlanta soft drink maker also said it elected Robert Kotick as a director effective immediately. Kotick, 48, is the CEO of Activision Blizzard Inc., a video game publisher. Kotick will join Coca-Cola's board's management development committee.
Shares of Coca Cola were up 45 cents at $68.85 in afternoon trading.
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