Coca-Cola Consolidated, Inc. to Issue Quarterly Dividend of $0.25 (NASDAQ:COKE)

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced a quarterly dividend on Friday, July 10th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.25 per share on Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th.

Coca-Cola Consolidated has raised its dividend payment by an average of 0.6%annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

Coca-Cola Consolidated Trading Up 0.6%

Shares of NASDAQ COKE opened at $183.09 on Wednesday. The stock has a market capitalization of $12.19 billion, a PE ratio of 25.05 and a beta of 0.54. Coca-Cola Consolidated has a twelve month low of $110.40 and a twelve month high of $219.65. The stock has a fifty day simple moving average of $180.06 and a 200-day simple moving average of $180.11.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The firm had revenue of $1.71 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.