Things go better with Coke, as the company’s long-ago jingle proclaimed. Things are also going better for the beverage company’s stockholders, thanks to the news that its dividend will be increased.
(ticker: KO) said this week it is raising its annual dividend to $1.76 a share from $1.68, an increase of nearly 5%. That equates to 44 cents on a quarterly basis, up from 42 cents.
This marks the 60th consecutive annual dividend increase for the company, which is a member of the S&P 500 Dividend Aristocrats index. Those companies have paid out a higher dividend for at least 25 straight years.
Coca-Cola stock, which yields 2.8%, has a one-year return of about 28% as of the market’s close on Feb. 17, dividends included, ahead of the
‘s 13% result.
were among the various U.S. companies that declared dividend increases this week.
Walmart (WMT) said it plans to pay an annual dividend of $2.24 a share, up 4 cents, or nearly 2% from $2.20. On a quarterly basis, the company plans to pay 56 cents a share, compared with 55 cents previously.
The retailing behemoth’s stock has a one-year return of about minus 4%, and it yields 1.6%. This marks the 49th straight year of dividend increases for the company, which is also a member of the S&P 500 Dividend Aristocrats index.
Managed-care company Humana (HUM) said it plans to boost its quarterly disbursement to 78.75 cents from 70 cents, an increase of 12.5%. The stock, which yields 0.7%, has a one-year return of about 13%.
Freight transportation company CSX (CSX) said it will hike its quarterly dividend to 10 cents a share from 9.33 cents. That’s a 7% increase. The stock, which yields 1.1%, has a one-year return of about 18%.