The Coca Cola Company has announced a dividend increase of their quarterly dividend.
Last week KO announced a 2.5% increase in its quarterly dividend. This is the 58th consecutive year of dividend increases. The dividend is raised from $0.40 to $0.41. The dividend pay date is April 1, 2020 to shareholders of record on March 16, 2020 (ex dividend March 13, 2020).
The company returned $6.8 billion in dividends to shareowners in 2019, bringing the total amount given back to shareowners through dividends since Jan. 1, 2010, to $54.9 billion.
James Quincey, chairman and CEO of The Coca-Cola Company:
“We made good progress in 2019 by delivering on our financial commitments and growing in a more sustainable way. We continue to transform the organization to act with a growth mindset, which gives us confidence in our 2020 targets and our ability to create a better shared future for all of our stakeholders.“
Vrijheid Fonds
The new dividend amount represents an annualized dividend amount of $1.64 per share, up from $1.60. The dividend yield on current price is 2.76 %.
My Vrijheid Fonds consist of 80 shares of KO, so my annual dividends will increase by €2.52 ($2.72) after taxes. My projected annual total amount from my shares of KO will be €103 ($111) after taxes.
This is the 15th dividend increase in 2020 in my Vrijheid Fonds. An extra (free) step in my journey to FI. With this post I share my happiness! So let’s open a bottle of Coca Cola.
Open Happiness!
Cheers,
Pollie
The post Dividend increase of the Coca Cola company (KO) – 2020 appeared first on Polliesdividend.