CocaCola Company (The) (NYSE:KO – Get Free Report) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.53 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 15th.
CocaCola has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 64 consecutive years. CocaCola has a payout ratio of 66.2% meaning its dividend is sufficiently covered by earnings. Analysts expect CocaCola to earn $3.48 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 60.9%.
CocaCola Stock Up 2.9%
Shares of NYSE:KO opened at $84.80 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The company has a market cap of $364.86 billion, a PE ratio of 26.67, a P/E/G ratio of 3.29 and a beta of 0.34. The stock’s 50-day moving average is $81.18 and its 200 day moving average is $77.60. CocaCola has a 1 year low of $65.35 and a 1 year high of $85.68.
Key Stories Impacting CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: KO is benefiting from renewed demand for defensive, cash-generating names ahead of its July 28 earnings report, with several market notes highlighting the stock’s recent strength and proximity to record levels. What’s Going on With Coca-Cola Stock Friday?
- Positive Sentiment: The company declared a quarterly dividend of $0.53 per share, reinforcing Coca-Cola’s reputation as a dependable income stock and supporting investor interest in the name.
- Positive Sentiment: Recent coverage also points to Coca-Cola’s ongoing growth initiatives, including a major Africa bottling deal and expanded packaging efforts tied to its World Cup marketing strategy, which could support longer-term revenue opportunities. Coca-Cola (KO) Unveils a World Cup Strategy That Goes Beyond the Beverage
- Neutral Sentiment: Analyst and commentary pieces continue to frame KO as a high-quality consumer staple with strong cash generation and solid long-term appeal, but these articles do not appear to be the main driver of the day’s trading.
- Negative Sentiment: Sentiment is being offset by news that a ransomware attack disrupted fairlife, Coca-Cola’s dairy subsidiary, temporarily halting U.S. production and raising concerns about operational disruption at a business with meaningful sales contribution. Coca-Cola says fairlife halts US production after cyber attack
About CocaCola
The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.
Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.
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