Coca-Cola share dividend and yield

  •   HARMANT Adeline

The Coca-Cola share is one of the largest publicly traded shares in the US market and provides quarterly income through a dividend that has been paid to shareholders for many years. The amount of this dividend tends to increase over time depending on the group's results. Here you can find out more about the Coca-Cola share dividend, including the exact amount, yield, ex-dividend date and payment date, as well as a history of how it has changed over time.

78% of retail CFD accounts lose money. You should consider whether you can afford to take the high risk of losing your money. This is an advert for trading CFDs on eToro
Coca-Cola share dividend and yield
Image copyright: Arie - Flickr

What is the amount of the dividend paid by Coca-Cola?

The last known full dividend for Coca-Cola shares is the dividend that was paid in 2021 for the financial year 2020. This dividend was in the amount of $1.68 per share and was paid in four instalments of $0.42

Coca-Cola has also already approved the amount of its dividend for the year 2022 and therefore for the financial year 2021, which will be a total of $1.76 per share. Two initial payments of $0.44 have already been made to shareholders and two more will follow.

 

When is Coca-Cola's dividend payment due?

Coca-Cola's dividend is paid annually based on the company's financial results for the previous year. The amount of the dividend is proposed by the Board of Directors and then voted on by the General Meeting of Shareholders which is held once a year after the balance sheet.

As Coca-Cola is an American company, it pays its dividend quarterly. This means that it pays a dividend four times a year, usually in equal amounts.

In 2021, for example, Coca-Cola's first interim dividend was ex-dividend on 13 March 2021 and paid on 1 April, the second was ex-dividend on 14 June and paid on 1 July, the third was ex-dividend on 14 September and paid on 1 October and the fourth was ex-dividend on 30 November and paid on 15 December.

 

What is the next expected dividend for Coca-Cola shares?

The next expected dividend for Coca-Cola shares is the balance of the 2022 dividend calculated on the 2021 financial year. To date, two interim dividends totalling $1.76 per share have been paid. Each of these interim dividends, in the amount of $0.44, was paid on April 1 and July 1, 2022.

Two further instalments of $0.44 will be paid in October and December 2022.

 

Coca-Cola share dividend history:

The Coca-Cola Group's dividend payments have been uninterrupted since 1980. This means that the company has been paying its shareholders a dividend every year for over 42 years. Moreover, the amount of the dividend has tended to increase over time. Here is a history of the latest dividends paid by Coca-Cola and how they have changed from year to year.

  • In 2021, Coca-Cola's dividend was $1.68 with a 2.44% increase
  • In 2020, Coca-Cola's dividend was $1.64 with a 2.50% increase
  • In 2019, Coca-Cola's dividend was $1.60 with a 2.56% increase
  • In 2018, Coca-Cola's dividend was $1.56 with a 5.41% increase
  • In 2017, Coca-Cola's dividend was $1.48 with a 5.71% increase
  • In 2016, Coca-Cola's dividend was $1.40 with an increase of 6.06%.
  • In 2015, Coca-Cola's dividend was $1.32 with an increase of 8.20%.
  • In 2014, Coca-Cola's dividend was $1.22 with an increase of 8.93%.
  • In 2013, Coca-Cola's dividend was $1.12 with an increase of 9.80%.
  • In 2012, Coca-Cola's dividend was $1.02 with an increase of 8.51%.

If the evolution of Coca-Cola's dividend amount is rather slow in the short term, it is faster in the long term. Over the last 5 years, the average dividend has risen by 3.05% per annum, whereas over the last 10 years, the average increase has been 5.36% per annum.

 

What is the dividend yield on Coca-Cola shares?

The amount of the dividend of the Coca-Cola share is not the only element to take into account to know its profitability. It is in fact necessary to base oneself on its yield, which corresponds to the part of the share price represented by the amount of the dividend paid.

The dividend paid by Coca-Cola in 2021 showed a yield of 3.04%.

The Coca-Cola Group's payout ratio is particularly high, with 71.73% of its profits being returned to its shareholders. This tells us that this is a mature company that is not holding much cash for investment and future growth.

 

What is the multi-year dividend yield on Coca-Cola shares?

Over the past 10 years, the Coca-Cola Group has paid a dividend with an average yield of 3.01%, which is a little below its 2021 yield. Here is its history:

  • In 2021, the dividend yield was 3.04%.
  • In 2020, the yield on this dividend was 3.11%.
  • In 2019, this dividend yield was 2.97%.
  • In 2018, the dividend yield was 3.14%.
  • In 2017, the dividend yield was 3.25%.
  • In 2016, the dividend yield was 3.35%.
  • In 2015, the dividend yield was 3.04%.
  • In 2014, the dividend yield was 2.75%.
  • In 2013, the dividend yield was 2.78%.
  • In 2012, the dividend yield was 2.73%.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail CFD accounts lose money. You should consider whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.