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

Posted by William Tyler on Apr 23rd, 2024

Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Free Report) declared a quarterly dividend on Friday, April 12th, NASDAQ reports. Stockholders 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 of this dividend is Thursday, April 25th.

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

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $830.65 on Tuesday. Coca-Cola Consolidated has a 1 year low of $552.36 and a 1 year high of $961.91. The firm’s 50 day moving average is $834.18 and its 200-day moving average is $800.98. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 19.11 and a beta of 0.74. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42.

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

Analyst Upgrades and Downgrades

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

View Our Latest Report on COKE

About Coca-Cola Consolidated

(Get Free Report)

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.