Beverage giant increases payout to shareholders
- Coca-Cola increases quarterly dividend by 5.4% to 48.5 cents a share
- Board of directors approves the dividend raise
- New payout represents a yield of 3.3%
- First-quarter dividend to be paid on April 1
Coca-Cola has announced a 5.4% increase in its quarterly dividend, raising it to 48.5 cents per share. The company’s board of directors approved the raise, which represents a yield of 3.3% based on the closing price of $59.29. Shareholders of record as of March 15 will receive the first-quarter dividend on April 1.
Companies Public: Coca-Cola (KO)
Factuality Level: 10
Factuality Just: The article provides factual information about Coca-Cola increasing its quarterly dividend by 5.4% to 48.5 cents. It includes details about the board of directors approving the increase, the new payout amount, the annual yield, and the dates for payment and record. There are no digressions, misleading information, sensationalism, redundancy, opinion masquerading as fact, bias, or logical errors in the article.
Noise Level: 8
Noise Just: The article provides straightforward information about Coca-Cola increasing its quarterly dividend. However, it lacks analysis, evidence, or insights into the long-term trends or consequences of this decision. It also does not provide any actionable insights or solutions for the reader. Overall, the article is mostly filler content and lacks depth.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Just: The news article does not describe any extreme event. It focuses on Coca-Cola’s decision to increase its quarterly dividend.
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