Polliesdividend

Dividend increase of the Coca Cola company (KO) – 2020

The Coca Cola Company has announced a dividend increase of their quarterly dividend.

 

Last week KO announced a 2.5% increase in its quarterly dividend. This is the 58th consecutive year of dividend increases. The dividend is raised from $0.40 to $0.41. The dividend pay date is April 1, 2020 to shareholders of record on March 16, 2020 (ex dividend March 13, 2020).

www.polliesdividend.com POllie Dividend KO Cola Coca Cola

 

The company returned $6.8 billion in dividends to shareowners in 2019, bringing the total amount given back to shareowners through dividends since Jan. 1, 2010, to $54.9 billion.

James Quincey, chairman and CEO of The Coca-Cola Company:

We made good progress in 2019 by delivering on our financial commitments and growing in a more sustainable way. We continue to transform the organization to act with a growth mindset, which gives us confidence in our 2020 targets and our ability to create a better shared future for all of our stakeholders.

 

Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $1.64 per share, up from $1.60. The dividend yield on current price is 2.76 %.

www.polliesdividend.com Pollie Dividend KO Cola Coca Cola

 

My Vrijheid Fonds consist of 80 shares of KO, so my annual dividends will increase by €2.52 ($2.72) after taxes. My projected annual total amount from my shares of KO will be €103 ($111) after taxes.

This is the 15th dividend increase in 2020 in my Vrijheid Fonds. An extra (free) step in my journey to FI. With this post I share my happiness! So let’s open a bottle of Coca Cola.

Open Happiness!

Cheers,

Pollie

 

 

 

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