Today KO announced a 6.1% increase in its quarterly dividend. This is the 54th consecutive year of dividend increases. The dividend is raised from $0.33 to $0.35. The dividend pay date is April 1, 2016 to shareholders of record on March 15, 2016 (ex dividend March 11, 2016).
The new dividend amount represents an annualized dividend amount of $1.40 per share, up from $1.32. The dividend yield on current price is 3.22 %.
My Vrijheid Fonds consist of 80 shares of KO, so my annual dividends will increase by $5.44 (after taxes).
My projected annual total amount from my shares of KO will be $95.20 after taxes.
This is the 7th dividend increase in 2016 in my Vrijheid Fonds. An extra step in my journey to FI. With this post I share my happiness! So let’s open a coke can.