Coca-Cola Consolidated, Inc. Announces Fourth Quarter Dividend

Rhea-AI Summary

Coca-Cola Consolidated has declared a dividend of $0.25 per share for Q4 2020 on its Common and Class B Common Stock. This dividend is payable on November 6, 2020, to shareholders of record as of October 23, 2020. As the largest Coca-Cola bottler in the U.S., the company emphasizes its commitment to serving communities and maintaining a diverse portfolio of over 300 beverage brands. Investors may view this dividend as a sign of ongoing financial health.

Positive

• Dividend of $0.25 per share indicates financial stability.
• Payable date of November 6, 2020 supports shareholder income.

Negative

• None.

News Market Reaction – COKE

+1.46%

+1.46% Session move

In the trading session that priced this news, COKE gained 1.46%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CHARLOTTE, N.C., Oct. 09, 2020 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) announced that the Board of Directors has declared a dividend for the fourth quarter of 2020 of $0.25 per share on shares of the Company's Common Stock and Class B Common Stock payable on November 6, 2020 to shareholders of record as of the close of business on October 23, 2020.

About Coca-Cola Consolidated, Inc.

Coke Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God, serve others, pursue excellence and grow profitably. For 118 years, we have been deeply committed to the consumers, customers, and communities we serve and passionate about the broad portfolio of beverages and services we offer. We make, sell, and deliver beverages of The Coca-Cola Company and other partner companies in more than 300 brands and flavors to 66 million consumers in territories spanning 14 states and the District of Columbia.

Headquartered in Charlotte, N.C., Coke Consolidated is traded on the NASDAQ Global Select Market under the symbol “COKE.” More information about the company is available at www.cokeconsolidated.com. Follow Coke Consolidated on Facebook, Twitter, Instagram and LinkedIn.

Media Contact:
Kimberly Kuo
Senior Vice President, Public Affairs,
Communications and Communities
704-557-4584

Investor Contact:
Scott Anthony
Executive Vice President, Chief Financial Officer
704-557-4633

–Enjoy Coca-Cola–

FAQ

What is the dividend amount declared by Coca-Cola Consolidated for Q4 2020?

The dividend amount declared is $0.25 per share.

When is the dividend payment date for Coca-Cola Consolidated's Q4 2020 dividend?

The dividend payment date is November 6, 2020.

Who qualifies for the Q4 2020 dividend from Coca-Cola Consolidated?

Shareholders of record as of October 23, 2020, qualify for the dividend.

How frequently does Coca-Cola Consolidated declare dividends?

Coca-Cola Consolidated typically declares quarterly dividends.

Is the dividend from Coca-Cola Consolidated sustainable?

Based on current financial stability, the dividend appears sustainable, but future performance should be monitored.