Coca-Cola Consolidated, Inc. to Issue Quarterly Dividend of $2.50 (NASDAQ:COKE)

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) declared a quarterly dividend on Friday, January 10th,RTT News reports. Stockholders of record on Friday, January 24th will be paid a dividend of 2.50 per share on Friday, February 7th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.80%.

Coca-Cola Consolidated has increased its dividend payment by an average of 58.7% annually over the last three years.

Coca-Cola Consolidated Trading Down 2.6 %

Shares of Coca-Cola Consolidated stock opened at $1,254.20 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The company’s 50-day simple moving average is $1,251.12 and its 200-day simple moving average is $1,235.02. Coca-Cola Consolidated has a 52-week low of $800.76 and a 52-week high of $1,376.84. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 21.83 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company had revenue of $1.77 billion for the quarter.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.