Increases Annual Dividend to $1.40 Per Share
Elects Brent Hastie, Craig Williams and Julie Hamilton as Senior Vice Presidents
PARIS, Feb. 18, 2016 — The Board of Directors of The Coca-Cola Company today approved the Company's 54th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 33 cents to 35 cents per common share. This is equivalent to an annual dividend of $1.40 per share, up from $1.32 per share in 2015. The first quarterly dividend is payable April 1, 2016, to shareowners of record as of March 15, 2016.
The increase reflects the Board's confidence in the Company's long-term cash flow. The Coca-Cola Company returned $5.7 billion in dividends to shareowners in 2015, bringing the total amount to $29 billion given back to shareowners through dividends since Jan. 1, 2010.
The Board today also elected Brent Hastie, Craig Williams and Julie Hamilton as Senior Vice Presidents of the Company, effective immediately.
Prior to joining The Coca-Cola Company, Hastie was a Principal with McKinsey & Company working in Atlanta, Brazil and South Africa. He also served as an Executive Vice President at Bain Capital, in the Private Equity group.
Before joining The Coca-Cola Company, Williams spent three years as a global marketing leader with CIBA Vision Corporation and seven years with Kraft Foods Inc., working in brand management and new product development. He also spent five years in the U.S. Navy as a Naval Nuclear Power Officer.
Hamilton joined The Coca-Cola Company in 1996 and has held a variety of sales, marketing and operational positions including Group Vice President North America Walmart Team, Vice President, Global Customer Development, Group Director for Global On-Premise Customers, Director of Marketing in the North America Retail Division, Group Manager of Strategic Partnership Marketing and Brand Development Manager for Still Beverages.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, the world’s most valuable brand, our Company’s portfolio features 20 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of more than 1.9 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world’s top 10 private employers with more than 700,000 system employees. For more information, please visit www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo or visit our blog at www.coca-colablog.com.
More on Journey
- The Coca-Cola Company Announces Timing of Earnings Release and Investor Conference Call
- The Board of Directors of The Coca-Cola Company Elects Officers, Declares Quarterly Dividend
- Statement from Coca-Cola Chairman and CEO Muhtar Kent on Travel Ban
- The Coca-Cola Company Reports Fourth Quarter and Full Year 2016 Results
- The Coca-Cola Company Signs Letter of Intent to Grant Additional Bottling Territory to Swire Coca-Cola, USA