Coca-Cola (KO) Increases Dividend by 4% to $0.53 Per Share

Coca-Cola (KO) recently announced a quarterly dividend increase of 4% to $0.53 per share, marking the 64th consecutive year of rising dividends. This consistent payout growth enhances its reputation among investors as a stable dividend stock. In the first quarter, Coca-Cola reported a 10% year-over-year revenue growth and a 15% increase in diluted earnings per share, supporting its ability to maintain the dividend. The company's payout ratio stands at 65%, with a current dividend yield of 2.5%, which is competitive relative to the market.