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.
Very nice, I am happy to hear about this raise! I was expecting 30 cents or 29 cents. I'm a little disappointed with the WMT raise so this makes up for it:)
ReplyDeleteDexter,
DeleteThe coke raise was unexpected but welcomed. I was think about initiating a position in Walmart, but the yield is a bit low for me. If they had come out with a high raise I probably would have picked some up. I will probably add to both Coke and Pepsi next week.
Take care,
MDP