Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Raises Dividend to $2.50 Per Share

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) declared a dividend on Tuesday, August 20th, NASDAQ reports. Shareholders of record on Friday, October 25th will be paid a dividend of 2.50 per share on Friday, November 8th. The ex-dividend date of this dividend is Friday, October 25th. This is a positive change from Coca-Cola Consolidated’s previous dividend of $0.25.

Coca-Cola Consolidated has increased its dividend payment by an average of 26.0% annually over the last three years.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE traded down $7.15 during trading hours on Wednesday, hitting $1,258.33. The stock had a trading volume of 2,625 shares, compared to its average volume of 52,417. The company has a 50 day simple moving average of $1,298.70 and a two-hundred day simple moving average of $1,110.16. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. Coca-Cola Consolidated has a one year low of $625.77 and a one year high of $1,376.84. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 26.06 and a beta of 0.82.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%. The company had revenue of $1.80 billion during the quarter.

Coca-Cola Consolidated Company Profile

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.