By Colin Kellaher 
 

Coca-Cola Co. (KO) on Thursday said its board raised the quarterly dividend by 2.6% to 40 cents, from 39 cents.

The new payout, equal to $1.60 a year, represents an annual yield of about 3.51% based on Thursday's early trading price of $45.52, up from about 3.43%.

The Atlanta beverage giant said the increased dividend is payable in April to shareholders of record March 15.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 21, 2019 11:23 ET (16:23 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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