The Coca-Cola Co dividend increased

The Coca-Cola Co (NYSE:KO) has announced quarterly dividend raise of 6% from 33 cents to 35 cents per common share. The board of directors of the beverage giant approved the decision, marking this 54^th consecutive annual dividend raise.

The raise in the quarterly dividend brings the annual dividend to $1.40 per share, higher than $1.32 the company offered last year. The first quarterly dividend will be payable on April 1 of this year, to all shareholders as of March 15, 2016. It also has a forward yield of 3.22%.