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

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced a quarterly dividend on Friday, January 10th,RTT News reports. Stockholders of record on Friday, January 24th will be given 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 0.74%. The ex-dividend date of this dividend is Friday, January 24th.

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

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,359.40 on Wednesday. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 23.66 and a beta of 0.89. Coca-Cola Consolidated has a 1-year low of $800.76 and a 1-year high of $1,438.50. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock’s fifty day simple moving average is $1,269.75 and its 200-day simple moving average is $1,248.95.

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

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.