The Board of Directors of the Coca-Cola Company Announces Quarterly Dividend

Published on Thursday, 22 July 2010 12:19 Written by TradersHuddle Staff

ATLANTA-( Business Wire )-

The Board of Directors of The Coca-Cola Company today declared a regular quarterly dividend of 44 cents per common share. The dividend is payable October 1, 2010, to shareowners of record as of September 15, 2010.

This is equivalent to an annual dividend of $1.76 per share, up from $1.64 per share in 2009. The dividend reflects the Board's confidence in the Company's long-term cash flow. The Company returned $5.3 billion to shareowners in 2009, through $3.8 billion in dividends and $1.5 billion in share repurchases.

The Board also elected Ed Steinike as a vice president of the Company.

As Chief Information Officer, Mr. Steinike oversees the Company’s global information technology strategy, services and operations. Before rejoining The Coca-Cola Company in April, Mr. Steinike served as Executive Vice President and Chief Information Officer at ING Insurance. Prior to ING, he was The Coca-Cola Company’s Chief Development Officer and CIO of its North America business from 2004 to 2007. From 2002 to 2004, Mr. Steinike was the Company’s Chief Technology Officer. Prior to joining The Coca-Cola Company, he worked at General Electric between 1976 and 2002, holding positions of increasing responsibility including CIO for GE Energy and GE Medical Systems.

Mr. Steinike holds a Bachelor of Science degree from Marquette University.

The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Along with Coca-Cola®, recognized as the world's most valuable brand, the Company's portfolio includes 12 other billion dollar brands, including Diet Coke®, Fanta®, Sprite®, Coca-Cola Zero®, vitaminwater®, POWERADE®, Minute Maid®, Simply® and Georgia Coffee®. Globally, we are the No. 1 provider of sparkling beverages, juices and juice drinks and ready-to-drink teas and coffees. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate of 1.6 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that protect the environment, conserve resources and enhance the economic development of the communities where we operate. For more information about our Company, please visit our website at www.thecoca-colacompany.com.

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