Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Announces Quarterly Dividend of $2.50

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) declared a quarterly dividend on Friday, January 10th,RTT News reports. Stockholders of record on Friday, January 24th will be paid a dividend of 2.50 per share on Friday, February 7th. This represents a $10.00 annualized dividend and a dividend yield of 0.80%.

Coca-Cola Consolidated has raised its dividend payment by an average of 58.7% per year over the last three years.

Coca-Cola Consolidated Stock Down 2.6 %

Shares of NASDAQ COKE traded down $32.95 during trading on Friday, hitting $1,254.20. 30,256 shares of the company traded hands, compared to its average volume of 43,626. The business’s fifty day moving average is $1,251.12 and its 200 day moving average is $1,235.02. Coca-Cola Consolidated has a fifty-two week low of $800.76 and a fifty-two week high of $1,376.84. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 21.83 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company had revenue of $1.77 billion for the quarter.

About Coca-Cola Consolidated

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.