NEW YORK (AP) — Coca-Cola is raising its quarterly dividend by 9 percent.
The next dividend is payable April 1 to shareholders of record as of March 14. Coca-Cola says raising the dividend to 30.5 cents from 28 cents reflects the confidence it has in its long-term cash flow.
The Atlanta company returned $9.8 billion to shareholders in 2013 through $5 billion in dividends and by buying back $4.8 billion in stock. It says it has returned $34.7 billion to shareholders since the start of 2010.
In addition to its namesake brand, Coca-Cola Co. also sells Spite, Dasani water, Minute Maid orange juice, and Vitaminwater.