Coca-Cola Stock Dividend 2024, Record Date, Share Price, History

News: Coca-Cola, the iconic beverage company, has been a favorite among investors for decades. In this article, we’ll delve into the details of Coca-Cola’s stock dividend for the year 2024. Whether you’re a seasoned investor or just starting out, understanding dividends is crucial. Let’s explore what you need to know.

What is a Dividend?

A dividend is a portion of a company’s profits that is distributed to its shareholders. It’s like a little bonus for owning shares in the company. Companies typically pay dividends regularly, often on a quarterly basis.

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Coca-Cola’s Dividend Yield

As of February 16, 2024, Coca-Cola’s stock price stands at $59.39 per share. The current dividend yield for Coca-Cola is 3.10%. This means that for every dollar you invest in Coca-Cola stock, you can expect an annual dividend of $1.84.

Dividend Payment Schedule

Coca-Cola pays its dividends quarterly. The next dividend payment is scheduled for April 1, 2024, where shareholders will receive $0.4850 per share. The most recent dividend payment was made on December 15, 2023, at $0.46 per share.

Consistent Dividend Growth

Coca-Cola has an impressive track record when it comes to dividends. The company has increased its dividend for 62 consecutive years! That’s a remarkable feat and speaks to Coca-Cola’s commitment to rewarding its shareholders.

Dividend Payout Ratio

The dividend payout ratio indicates the percentage of earnings a company pays out as dividends. For Coca-Cola:

Based on trailing year earnings: 74.19%

Based on this year’s estimates: 65.48%

Based on next year’s estimates: 61.33%

Based on cash flow: 62.12%

About Coca-Cola Company :

Coca-Cola, often simply referred to as Coke, is a world-renowned beverage company. Founded in 1886 in Atlanta, Georgia, USA, Coca-Cola has become a global brand synonymous with refreshment, happiness, and nostalgia.

Key Facts about Coca-Cola:

1. Iconic Beverage: Coca-Cola’s flagship product is the carbonated soft drink known as Coca-Cola or Coke. Its distinct flavor, effervescence, and secret recipe have captivated taste buds for generations.

2. Diverse Portfolio: Beyond the classic cola, Coca-Cola offers a wide range of beverages, including Diet Coke, Sprite, Fanta, Minute Maid, Powerade, and Dasani water. The company caters to various tastes and preferences.

3. Global Reach: Coca-Cola operates in over 200 countries and serves billions of consumers daily. Its red-and-white logo is instantly recognizable worldwide.

4. Sustainability Efforts: The company is committed to environmental sustainability. Initiatives include water conservation, recycling, and reducing its carbon footprint.

5. Cultural Impact: Coca-Cola’s advertising campaigns, jingles, and holiday-themed commercials have left an indelible mark on popular culture. The iconic “Share a Coke” campaign personalized bottles with people’s names, fostering a sense of connection.

6. Community Engagement: Coca-Cola engages in philanthropic efforts, supporting education, health, and disaster relief. Its red trucks adorned with twinkling lights have become a symbol of holiday cheer.

7. Stock Performance: As a publicly traded company, Coca-Cola’s stock (traded under the ticker symbol KO) has been a reliable investment for many. Its consistent dividends and long history make it appealing to income-seeking investors.

Investing in Coca-Cola not only gives you a stake in a global brand but also provides a steady stream of dividends. Keep an eye on the ex-dividend date (next one on March 14, 2024) and consider adding Coca-Cola to your investment portfolio. Remember, dividends can be a sweet reward for patient investors!

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FAQs

If I buy shares after the record date, can I still get the dividend?

No, you can only receive the dividend if you own shares on or before the record date.

How frequently does Coca-Cola give out dividends?

Coca-Cola distributes dividends every quarter.

Is Coca-Cola a good long-term investment?

Absolutely, Coca-Cola’s consistent dividend track record and financial growth make it a dependable option for long-term investors looking for steady returns.