Today Coca Cola announced a 2,6% increase of their quarterly dividend. As a result of this increase the dividend is up from $0,39 to $0,40 per quarter.
I have 39 shares Coca Cola so as a result my yearly estimated dividend income increased with $1,36. Yield on cost is now 3,60%.
This dividend increase is slightly disappointing for me, because I expected a 2 cents increase just as in previous years. Nevertheless I’m happy with the 16th dividend increase this year.