Coca-Cola Enterprises' Stock Rises After Dividend Increase

Coca-Cola Enterprises said it raised its quarterly dividend by 12% to 28 cents a share from 25 cents. The new dividend will be payable on March 19 to shareholders of record as of March 6. The increase marked the eighth consecutive year the bottling company has raised its annual dividend. The stock rose 1.5% in premarket trade. It has lost 0.6% over the past three months through Monday's close, while the S&P 500 has gained 0.4%.