The FINANCIAL -- The Board of Directors of The Coca-Cola Company on February 16 approved the company's 55th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 35 cents to 37 cents per common share.
This is equivalent to an annual dividend of $1.48 per share, up from $1.40 per share in 2016. The first quarterly dividend is payable April 3, 2017, to shareowners of record as of March 15, 2017, according to the Coca-Cola Company.
The increase reflects the Board's confidence in the company's long-term cash flow. The Coca-Cola Company returned $6 billion in dividends to shareowners in 2016, bringing to $35 billion the total amount given back to shareowners through dividends since Jan. 1, 2010.