EX-Dividend Schedule: Coca-Cola Has Raised its Dividend for 56 Consecutive Years; Will Trade Ex-Dividend on June 14, 2018
LONDON, UK / ACCESSWIRE / June 13, 2018 / Active-Investors has a free review on The Coca-Cola Co. (NYSE: KO) following the Company’s announcement that it will begin trading ex-dividend on June 14, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 13, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on KO:
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Dividend Declared
On April 26, 2018, Coca-Cola’s Board of Directors declared a regular quarterly dividend of 39 cents per common share. The dividend is payable July 02, 2018, to shareowners of record of the company as of the close of business on June 15, 2018.
Coca-Cola’s indicated dividend represents a yield of 3.55%, which is almost double compared to the average dividend yield of 1.78% for Consumer Goods sector. Earlier in 2018, the Board approved the Company’s 56th consecutive annual dividend increase, raising the quarterly dividend 5.4% from $0.37 per share to $0.39 per common share.
Dividend Insights
Coca-Cola has a dividend payout ratio of 74.6%, which indicates that the Company spends approximately $0.75 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts’ estimates, Coca-Cola is forecasted to report earnings of $2.27 per share for the next year, which is substantially higher than the Company’s annualized dividend payout of $1.56 per share.
Coca-Cola’s cash from operations for Q1 2018 was $613 million, down 20% primarily due to the refranchising of North American bottling territories and the impact of one less day in the reported quarter. The Company’s free cash flow was $339 million, up 5% driven by reduced capital investment needs. As of March 31, 2018, Coca-Cola’s cash and cash equivalents totaled $8.29 billion compared to $6.01 billion as on December 31, 2017. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About The Coca-Cola Co.
Coca-Cola is the world’s largest total beverage company, offering over 500 brands to people in more than 200 countries. Of its 21 billion-dollar brands, 19 are available in lower- and no-sugar options to help people everywhere more easily control added sugar. Together with its bottling partners, the Company employs more than 700,000 people around the world.
Stock Performance Snapshot
June 12, 2018 - At Tuesday’s closing bell, Coca-Cola’s stock slightly advanced 0.63%, ending the trading session at $44.41.
Volume traded for the day: 8.17 million shares.
Stock performance in the last month – up 5.39%
After yesterday’s close, Coca-Cola’s market cap was at $189.41 billion.
Price to Earnings (P/E) ratio was at 38.32.
The stock has a dividend yield of 3.51%.
The stock is part of the Consumer Goods sector, categorized under the Beverages - Soft Drinks industry. This sector was up 0.1% at the end of the session.
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