Coca-Cola dividend increase coming soon

On February 17, 2011, Coca-Cola Board of Directors approved and announced the company’s 49th consecutive annual dividend increase, raising the quarterly dividend 7% from $0.44 to $0.47 per common share. From the press release, the increase was said to reflect the Board’s “confidence in the company’s long-term cash flow. The company returned $7.2 billion to shareowners in 2010, through $4.1 billion in dividends and $3.1 billion in share repurchases.” first $0.47 dividend ex date is 11/3/11.