Coca-Cola Consolidated Announces Declaration of First Quarter 2024 Regular Quarterly Cash Dividend and Special Cash Dividend
December 05 2023 - 3:10PM
Coca-Cola Consolidated, Inc. (NASDAQ: COKE) today announced that
its Board of Directors has declared a regular quarterly cash
dividend of $0.50 per share and a special cash dividend of $16.00
per share. Both the regular quarterly cash dividend and the special
cash dividend are payable on February 9, 2024 to stockholders of
record of the Company’s Common Stock and Class B Common Stock as of
the close of business on January 26, 2024.
Media
Contact: |
|
Investor Contact: |
Josh Gelinas |
|
Scott Anthony |
Vice President, Communications |
|
Executive Vice President & Chief Financial Officer |
josh.gelinas@cokeconsolidated.com |
|
scott.anthony@cokeconsolidated.com |
704-807-3703 |
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704-557-4633 |
“The Board’s decision to declare this special cash dividend
recognizes our strong 2023 operating results as well as the success
we’ve achieved in strengthening our balance sheet through debt
repayment,” said J. Frank Harrison, III, Chairman and Chief
Executive Officer. “This special dividend is a clear indication of
our commitment to enhancing long-term stockholder value and
returning cash to stockholders. As we finalize our 2024 operating
plan and move into next year, we will continue to evaluate capital
allocation options that align with our desire to maintain an
overall strong capital position.”
About Coca-Cola Consolidated, Inc.
Coca-Cola Consolidated is the largest Coca-Cola bottler in the
United States. Our Purpose is to honor God in all we do, to serve
others, to pursue excellence and to grow profitably. For over 121
years, we have been deeply committed to the consumers, customers
and communities we serve and passionate about the broad portfolio
of beverages and services we offer. We make, sell and distribute
beverages of The Coca-Cola Company and other partner companies in
more than 300 brands and flavors across 14 states and the District
of Columbia, to approximately 60 million consumers.
Headquartered in Charlotte, N.C., Coca-Cola Consolidated is
traded on The Nasdaq Global Select Market under the symbol “COKE.”
More information about the Company is available at
www.cokeconsolidated.com. Follow Coca-Cola Consolidated on
Facebook, X, Instagram and LinkedIn.
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