Coca Cola raised its quarterly dividend today from $.28 a share to $.305 a share. After some shaky earnings news last week I was expecting a smaller raise. Since I currently own 120 shares of KO my yearly dividends will rise by $12.00 from $134.40 to $146.40.
Coke is the third company that I own to announce a dividend raise this month. The other two are DLR and CSCO.