Beverage giant increased its yield advantage over rival PepsiCo
Shares of Coca-Cola Co. (NYSE:KO) gained Thursday, after the beverage giant raised its dividend, effectively increasing its yield advantage over rival PepsiCo Inc.
Coca-Cola said it is raising its quarterly dividend by 5.4%, to 48.5 cents a share, from 46 cents a share.
Shareholders of record on March 15 will receive the new dividend on April 1.