Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Announces Quarterly Dividend of $0.50

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced a quarterly dividend on Friday, April 12th, NASDAQ reports. Shareholders of record on Friday, April 26th will be paid a dividend of 0.50 per share on Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, April 25th.

Coca-Cola Consolidated has increased its dividend payment by an average of 26.0% annually over the last three years and has raised its dividend every year for the last 1 years.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $830.65 on Tuesday. Coca-Cola Consolidated has a fifty-two week low of $552.36 and a fifty-two week high of $961.91. The business has a 50-day moving average of $834.18 and a two-hundred day moving average of $800.98. The stock has a market capitalization of $7.78 billion, a P/E ratio of 19.11 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%. The company had revenue of $1.63 billion during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd.

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.