Coca-Cola Raises Dividend By 8%

Coca-Cola Co. raised its quarterly dividend by 8%, to 33 cents a share from 30.5 cents a share. The new dividend will be paid out April 1 to shareholders of record on March 16. At current share prices, the new annual dividend of $1.32 implies a yield of 3.1%, above the implied dividend yield for the S&P 500 of 1.9%, according to FactSet. The stock, a component of the Dow Jones Industrial Average , gained 0.6% in morning trade. It has declined 5% over the past three months, compared with a 1.8% rise in the Dow.