Coca-Cola Consolidated, Inc. Plans Quarterly Dividend of $2.50 (NASDAQ:COKE)

Coca-Cola Consolidated, Inc. (NASDAQ:COKEGet Free Report) declared a quarterly dividend on Friday, April 11th, RTT News reports. Shareholders of record on Friday, April 25th will be given a dividend of 2.50 per share on Friday, May 9th. This represents a $10.00 annualized dividend and a yield of 0.72%.

Coca-Cola Consolidated has raised its dividend by an average of 58.7% per year over the last three years.

Coca-Cola Consolidated Stock Up 1.1 %

Shares of NASDAQ COKE traded up $15.22 during midday trading on Friday, hitting $1,395.16. The company’s stock had a trading volume of 37,677 shares, compared to its average volume of 49,711. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 19.97 and a beta of 0.88. The business’s fifty day simple moving average is $1,355.76 and its two-hundred day simple moving average is $1,300.62. Coca-Cola Consolidated has a 1 year low of $800.76 and a 1 year high of $1,460.92.

Coca-Cola Consolidated’s stock is set to split on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly created shares will be payable to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKEGet Free Report) last released its earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The firm had revenue of $1.75 billion during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th.

Get Our Latest Analysis on COKE

About Coca-Cola Consolidated

(Get Free Report)

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.

Further Reading

Dividend History for Coca-Cola Consolidated (NASDAQ:COKE)

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