News

Coca-Cola Consolidated Unveils Dividend Boost and Buyback Plan

Coca-Cola Consolidated Unveils Dividend Boost and Buyback Plan

Coca-Cola Consolidated Announces Dividend Increase and Share Repurchase Program

Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has announced that its Board of Directors has raised the Company’s quarterly dividend to $2.50 per share, a significant increase from the previous $0.50 per share. This new dividend will be distributed to stockholders of both Common Stock and Class B Common Stock who are on record.

Share Repurchase Program

Additionally, the Board of Directors has authorized a $1.0 billion share repurchase program for the Company’s Common Stock. The decision on when and how much to repurchase will be left to management's discretion.

Leadership Statement

“As we’ve mentioned before, the strides we’ve made in enhancing our profitability and solidifying our balance sheet enable us to reinvest in our business and our team while also working to create long-term value for our stockholders,” stated J. Frank Harrison, III, Chairman and Chief Executive Officer. “Our robust financial performance supports the increase in our quarterly dividend and the establishment of a share repurchase program, reflecting our dedication to returning cash to our stockholders over time.”

About Coca-Cola Consolidated, Inc.

Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Our mission is to honor God in everything we do, to serve others, to strive for excellence, and to achieve profitable growth. For more than 122 years, we have been committed to our consumers, customers, and the communities we serve, providing a diverse range of beverages and services. We produce, sell, and distribute drinks from The Coca-Cola Company and other partner brands, offering over 300 varieties and flavors across 14 states and the District of Columbia, reaching around 60 million consumers.

Company Contacts

Ashley Brown (Media) - Director, External Communications, (803) 979-2849, Ashley.Brown@cokeconsolidated.com
Scott Anthony (Investors) - Executive Vice President & Chief Financial Officer, (704) 557-4633, Scott.Anthony@cokeconsolidated.com

Frequently Asked Questions

What is the new dividend amount for Coca-Cola Consolidated?

The quarterly dividend has been increased to $2.50 per share.

What is the total amount for the share repurchase program?

The Board of Directors approved a share repurchase program totaling $1.0 billion.

What does the company aim to achieve with the share repurchase program?

The program aims to enhance long-term stockholder value by repurchasing shares at management's discretion.

Who is the CEO of Coca-Cola Consolidated?

J. Frank Harrison, III is the Chairman and Chief Executive Officer of Coca-Cola Consolidated.

How many brands does Coca-Cola Consolidated offer?

Coca-Cola Consolidated distributes over 300 brands and flavors of beverages.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

Event Industry Power 50 Voting Surge Ahead of Close

Updated Category News Views 12

An Unexpected Wave of Enthusiasm in Event Industry The Event Industry Power 50 is getting some serious action this year. Over 3,500 votes have already rolled in, smashing last year's numbers with days still left on the clock. It seems like folks can't wait to see their favorite event powerhouses crowned at this year's gala, which kicks off October 27 in New York City....

Continue Reading
Dan Brown Joins Guidewire: Big Moves in P&C Software

Updated Category News Views 14

Turning the Insurance World on Its Head Just when you think the enterprise software scene is getting predictable, along comes a bit of news to shake things up. Guidewire, a name known in the P&C insurance software world, has roped in a veteran—Dan Brown—who's got more than a quarter-century under his belt shaping product strategies. It’s not just another suit...

Continue Reading
OMLYCLO Shakes Up U.S. Biologic Market as Key Player

Updated Category News Views 14

Ah, the pharmaceutical game is shifting again, and this time Celltrion USA's putting their chips down with OMLYCLO, the shiny new omalizumab biosimilar. Here we see a product that's not just approved but interchangeable with XOLAIR, making it a front-runner in the allergic and inflammatory conditions battleground. If you're a patient or a provider navigating these murky...

Continue Reading
GL1F Crypto: A Breakthrough in On-Chain AI for Crypto

Updated Category News Views 8

The Dawn of On-Chain Machine Learning In a world where crypto folks often tout decentralization like it’s the holy grail, GenesisL1 is throwing open the doors to a new kind of crypto playground with GL1F Crypto. A decentralized on-chain AI studio? Sounds like sci-fi, but here we are—hands on the precipice of democratized machine learning in your browser. A Lab in...

Continue Reading
Travelers Turn to Direct Booking Amid Cost Surge

Updated Category News Views 18

Getting Ahead of the Travel Expense Game Rising fees and tighter budgets haven't persuaded holiday travelers to abandon their plans. Instead, they’re sharpening their axes, looking for clearer paths to their vacation goals without slicing off an arm and a leg. With the cost of travel climbing faster than a runaway elevator, folks are getting smart about where their...

Continue Reading
Hiromi Asai's Akatsuki Shines at Paris Fashion Week

Updated Category News Views 11

An Ode to Tradition Amid Modern Menswear From the bustling avenues of New York to the storied streets of Paris, Hiromi Asai is showcasing something that strikes a chord deep in the fashion industry's soul. Her Spring/Summer 2027 collection, "Akatsuki — Before the Dawn," takes its rare blend of age-old Japanese textile craftsmanship across the pond to the City of Light....

Continue Reading
Hilarity and Hassles in NYC Co-op Life Exposed in New Book

Updated Category News Views 15

Co-op Living: Not All It's Cracked Up to Be Let me tell you something, buying a co-op in New York City isn't just signing on the dotted line and moving in. Nope, it's a whole damn production. Jeff Namian's book, Thin Walls/Thick Ears, lays it all out with a mix of humor and hard truths, painting a stark picture of NYC co-op living. He's not just telling his own story of...

Continue Reading
TRIMAX Poised to Meet AI-Driven Power Challenges

Updated Category News Views 11

TRIMAX's Bold Move into AI-Powered Infrastructure It feels like we're standing on the cusp of a seismic shift, folks. Artificial intelligence isn't just another buzzword anymore—it's a juggernaut reshaping our digital world. TRIMAX Power Systems is gearing up to ride this wave, with its eyes set on capturing a chunk of the booming demand for fast-deployable power...

Continue Reading
ProClad Unveils Innovative Hybrid 2.0 Cookware

Updated Category News Views 13

Revolutionizing Cookware: The Launch of Hybrid 2.0 Today, everyone's buzzing about ProClad's big reveal—the Hybrid 2.0 Pan. Now, before you roll those skeptical eyes, hear me out. This isn’t your average bit of kitchen fluff; it’s a heavyweight contender stepping into the everyday cooking ring. What they've done here is combine the muscle of stainless steel searing...

Continue Reading
Metropolitan Dermatology's Strategic Expansion into Barnegat

Updated Category News Views 13

Diving into Barnegat's Dermatology Landscape Metropolitan Dermatology has taken a strategic step by opening a new location right in the heart of Barnegat, New Jersey. Talk about a win-win for the folks in Ocean County. This isn't just another clinic opening up shop; it's about bringing comprehensive medical and surgical dermatologic care straight to the people who need...

Continue Reading

Top 5 Most Recently Viewed Articles

Excitement Builds for Shardbound's Open Beta Launch Event

Updated Category News Views 102

Welcome to the Shardbound Open Beta Experience 100,000 Pre-registered Players Will Gain Access to one of the Most Highly Anticipated Titles of the Year Bazooka Tango is excited to announce the upcoming launch of the Shardbound Open Beta. This significant milestone marks a vibrant new chapter for the game that has been getting fans eager for months. With over 100,000...

Continue Reading
Cove Capital Investments Completes Strategic Multifamily Acquisition

Updated Category News Views 103

Cove Capital Investments Expands Portfolio with Recent Acquisition Cove Capital Investments, a prominent Delaware Statutory Trust sponsor, has made headlines with its recent acquisition of The Peanut Factory Lofts, a multifamily asset strategically situated in a bustling area. This transaction marks a significant addition to Cove Capital's expanding portfolio and...

Continue Reading
FDH Aero Partners with Harbin Hafei for A350 Fasteners

Updated Category News Views 223

FDH Aero Forms Strategic Alliance with Harbin Hafei FDH Aero, renowned for its expertise in supply chain solutions for the aerospace sector, has recently secured a multi-year agreement with Harbin Hafei Airbus Composite Manufacturing Centre. This collaboration centers around delivering critical fasteners specifically designed for the Airbus A350's composite tail section,...

Continue Reading
Enphase Energy: Navigating the Future of Clean Technology

Updated Category News Views 340

Enphase Energy: A Leader in Clean Technology In the fast-evolving field of clean technology, Enphase Energy, Inc. (NASDAQ: ENPH) has made a name for itself, attracting attention from both analysts and investors. Known for its innovative solutions in the energy sector, Enphase has expanded its product range to include advanced microinverter systems, battery storage...

Continue Reading
Conexon Connect's Landmark Fiber Project Benefits Rural Areas

Updated Category News Views 384

Conexon Connect Launches First Major Fiber Project Conexon Connect, a prominent player in rural broadband services, has successfully completed its inaugural fiber-to-the-home project. This initiative, developed in collaboration with Osage Valley Electric Cooperative, aims to deliver high-speed internet to approximately 13,500 households and businesses in rural regions....

Continue Reading