The Board of Directors of The Coca-Cola Company has declared a regular quarterly dividend of 25.5 cents per common share. The dividend is payable Oct. 1, 2012, to shareowners of record as of Sept. 14, 2012.
This is the first dividend payable following the recently approved two-for-one split of the Company’s common stock. The amount of the dividend was adjusted as a result of the stock split and is equivalent to the 51 cents per share regular quarterly dividend declared in the first two quarters of 2012 prior to the split.
In February, the Board of Directors approved the Company’s 50 th consecutive annual dividend increase, increasing the dividend 8.5 percent from its 2011 rate.
T he record date for the stock split was July 27, 2012, with new shares to be distributed on or about Aug. 10, 2012. Each shareowner of record on the close of business on the record date for the stock split will receive one additional share of common stock for each share held.
Source: Coca Cola Company