Coca Cola (KO) Raises Quarterly Dividend 8.2% to $0.33; Elects de Quinto as EVP

Coca Cola (NYSE: KO) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is an 8.2% increase from the prior dividend of $0.305.

The dividend will be payable on April 1, 2015, to stockholders of record on March 16, 2015, with an ex-dividend date of March 12, 2015.

The annual yield on the dividend is 3.2 percent.

The increase reflects the Board's confidence in the Company's long-term cash flow. The Coca-Cola Company returned $5.4 billion in dividends to shareowners in 2014, bringing to $23.3 billion the amount returned to shareowners through dividends since Jan. 1, 2010.

The Board today also elected Marcos de Quinto, Chief Marketing Officer (CMO), as an Executive Vice President of the Company. His election is effective immediately.

De Quinto became the Company’s CMO on Jan. 1, 2015, after serving for 14 years as President of Coca-Cola’s Iberia Business Unit, which covers Spain and Portugal.

De Quinto joined the Company in 1982 in the marketing department of Coca-Cola Spain. During his career at the Company, he has held positions of increasing responsibility, including district manager, distribution manager, and distribution and merchandising manager. From 1992 to 1995, de Quinto served as division marketing manager, Coca-Cola Southeast and West Asia. He served as marketing director of the German Division from 1995 to 1996, after which he became regional manager, Coca-Cola Spain. In January 2000, de Quinto became President of the Iberia Business Unit. He also served as Vice President of the Company’s Europe Group.

De Quinto earned an economics degree from Complutense University of Madrid and an MBA from the Instituto de Empresa in Madrid.

For a dividend history and other dividend-related data on Coca Cola (KO) click here.

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