Coca-Cola (KO) increased its quarterly dividend by 5.43%, from 46¢ to 48.5¢ per share.
The dividend will be paid on 1 April to shareholders of record on 15 March. The ex-dividend date is 14 March.
KO's contribution to DivGro's projected annual dividend income will increase by $20 to $388.
I own 200 shares of KO at an average cost basis of $41.28 per share. Following this increase, my yield on cost is 4.70%. (KO's forward yield is 3.27% at $59.39 per share).
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