Coca-Cola (KO) Increases Annual Dividend by 7%

The Coca-Cola Company (KO) today approved the company’s 49th consecutive annual dividend increase, raising the quarterly dividend 7%t from $0.44 cents to $0.47 per common share. This is equivalent to an annual dividend of $1.88 per share, up from $1.76 per share in fiscal 2010. The Board of Directors of the co. said that the first quarterly dividend is payable April 1, 2011, to shareowners of record as of March 15, 2011.

At last check, KO was up 38 cents, or 0.60%, to $63.78.

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