Coca-Cola Consolidated Inc (COKE) to Issue Quarterly Dividend of $0.25 on August 9th

Coca-Cola Consolidated Inc (NASDAQ:COKE) declared a quarterly dividend on Friday, July 12th, NASDAQ reports. Stockholders of record on Friday, July 26th will be given a dividend of 0.25 per share on Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Thursday, July 25th.

Coca-Cola Consolidated has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings.

Coca-Cola Consolidated stock opened at $292.86 on Tuesday. The firm has a 50 day moving average price of $305.45. Coca-Cola Consolidated has a 1 year low of $135.61 and a 1 year high of $413.39. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.45 and a quick ratio of 1.05. The firm has a market capitalization of $2.73 billion, a P/E ratio of 46.75 and a beta of 0.80.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.83) by $1.19. The business had revenue of $1.10 billion during the quarter. Coca-Cola Consolidated had a negative net margin of 0.27% and a positive return on equity of 12.79%.

Separately, BidaskClub downgraded shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th.

In other Coca-Cola Consolidated news, Director John W. Murrey III sold 1,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $379.60, for a total transaction of $379,600.00. Following the completion of the sale, the director now owns 500 shares of the company’s stock, valued at approximately $189,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.01% of the company’s stock.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.

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Dividend History for Coca-Cola Consolidated (NASDAQ:COKE)

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