ATLANTA (Business Wire) -- The Board of Directors of The Coca-Cola Company today approved the Company's 50th consecutive annual dividend increase, raising the quarterly dividend 8.5 percent from 47 cents to 51 cents per common share. This is equivalent to an annual dividend of $2.04 per share, up from $1.88 per share in 2011. The first quarterly dividend is payable April 1, 2012, to shareowners of record as of March 15, 2012.
The increase reflects the Board's confidence in the Company's long-term cash flow. The Company returned $8.6 billion to shareowners in 2011, through $4.3 billion in dividends and $4.3 billion in share repurchases.
Coca-Cola has paid dividends consecutively every year since 1920 and with a current dividend yield of 52%, KO will be able to easily maintain its dividend for a long time. Here's a look at KO's stock split adjusted, dividend payment history since 1997: