The Coca-Cola Company (NYSE:KO) declared quarterly dividend of $ 0.41 per share, or $ 1.64 annualized.
The dividend will be payable on October 1, 2020, to stockholders of record on September 15, 2020, with an ex-dividend date of September 14, 2020.
Dividends History
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Recent Earnings Announcement
The Coca-Cola Company reported income for the first quarter of $ 0.51 per share, from the revenue of $ 8,601.00 million. The quarterly earnings grew 6.25 percent while revenues expanded 7.19 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.44 per share from $ 8281.71 million in revenue. The bottom line results beat street analysts by $ 0.07 or 15.91 percent, at the same time, top line results outshined analysts by $ 319.29 million or 3.86 percent.
Stock Performance
According to the previous trading day, closing price of KO was $ 46.40, representing a 27.93 % increase from the 52 week low of $ 36.27 and a 22.83 % decrease over the 52 week high of $ 60.13.
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The company has a market capital of $ 197.78 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
