Coca-Cola Consolidated Inc (NASDAQ:COKE) announced a quarterly dividend on Monday, January 13th, Wall Street Journal reports. Investors of record on Friday, January 24th will be given a dividend of 0.25 per share on Friday, February 7th. This represents a $1.00 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, January 23rd.
Coca-Cola Consolidated has a payout ratio of 9.4% meaning its dividend is sufficiently covered by earnings.
NASDAQ:COKE traded up $5.67 during trading hours on Monday, hitting $280.69. The company’s stock had a trading volume of 33,478 shares, compared to its average volume of 35,560. The stock has a fifty day simple moving average of $278.77 and a 200-day simple moving average of $295.94. The company has a market capitalization of $2.59 billion, a P/E ratio of 27.15 and a beta of 0.60. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.39 and a quick ratio of 1.01. Coca-Cola Consolidated has a twelve month low of $197.92 and a twelve month high of $413.39.
Several research firms recently weighed in on COKE. ValuEngine raised Coca-Cola Consolidated from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 13th. BidaskClub lowered Coca-Cola Consolidated from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th.
About Coca-Cola Consolidated
Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.
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