Thursday, February 19, 2015
KO raises dividend 8.2% --- New yield is 3.15%
Today Coca Cola (KO) announced that it is raising its quarterly dividend $.025 from $.305 to $.33 which is an 8.2% increase from last year. The new yield for KO increases to 3.15%
The record date is March 16th and the pay date is April 1st.
Since I currently own 204.63 shares, my yearly dividends will increase by $20.46. This is a really solid raise from KO and the stock still looks attractive to me. In fact I picked up a few shares on Tuesday.
Hopefully DLR and WM will make official dividend increase announcements in the next couple of weeks.