Dividend Aristocrat Coca-Cola Declares Its Latest Payout; Yield Is 3.5%
Coca-Cola (NYSE: KO) remains a fizzy dividend stock. The company's board of directors has declared a new quarterly common stock dividend of $0.41 per share. That amount matches the previous two payouts; prior to those, the company had paid $0.40 per share. The upcoming dividend is to be handed out on Oct. 1 to stockholders of record as of Sept. 15, and at current share prices, yields about 3.5%.
The was hardly an unexpected development: Coca-Cola is one of the steadiest and most reliable dividend payers among blue-chip stocks.
Image source: Coca-Cola.
Source Fool.com
