ATLANTA, USA – The Board of Directors of The Coca-Cola Company today approved the company’s 60th consecutive annual dividend increase, raising the quarterly dividend approximately 5 percent from 42 cents to 44 cents per common share.
The quarterly dividend is equivalent to an annual dividend of $1.76 per share, up from $1.68 per share in 2021. The first quarter dividend is payable April 1 to shareowners of record as of March 15.
The company returned $7.3 billion in dividends to shareowners in 2021, bringing the total amount of dividends paid to shareowners since Jan. 1, 2010, to $69.2 billion.
The Coca-Cola Company: Share repurchase program
The company’s capital allocation priorities continue to balance financial flexibility with an efficient capital structure. Based on its positive outlook, the company expects to resume share repurchases in 2022, with net share repurchases (non-GAAP) of approximately $500 million for the year.
The ultimate amount and timing of share repurchases will be determined over the course of the year, subject to the company’s discretion based on various factors.
Any share repurchases would occur under the board’s current authorizations, which authorize the repurchase of approximately 160 million shares. The board may modify, extend or terminate the share repurchase program at any time. The company’s initial share repurchase program began in 1984.