Coca-Cola (KO) announced today a dividend increase of 8.9% from $0.28 to $0.305 per share. The cash dividend is payable on April 1st to shareholders of record as of March 14th. This is the company’s 52nd consecutive yearly increase.
This is the 5th company in my portfolio to raise their dividend so far this year.
Since I own 121.31 shares, this will increase my yearly income by $12.13.