Thursday, February 21, 2013
Dividend Increase: KO
Coca-Cola (KO) is increasing its quarterly dividend by 9.8%, from $0.255 to $0.28 per share, putting the company on track for its 51st consecutive year of dividend growth (press release). Given that I own 60 shares of KO, my quarterly dividend increases from $15.30 to $16.80, which will add an extra $6.00 to my annual dividend income. This dividend increase also boosts my yield on cost to 3.38%. Thus far this year, there have been dividend increases for 10 of the 27 dividend growth stocks in my portfolio.