The Board of Directors of The Coca-Cola Company approved the company’s 59th consecutive annual dividend increase on February 18th, raising the quarterly dividend 2.4 percent from 41 cents to 42 cents per common share.
The quarterly dividend is equivalent to an annual dividend of $1.68 per share, up from $1.64 per share in 2020. The first quarter dividend is payable April 1 to shareowners of record as of March 15.
The company returned $7 billion in dividends to shareowners in 2020, bringing the total amount given back to shareowners through dividends since Jan. 1, 2010, to $61.9 billion.
The board also elected Stacy Apter as vice president and treasurer, effective March 1. Apter, the first female treasurer of the company, succeeds Christopher Nolan, who is retiring after more than 11 years as treasurer. Nolan began his career at Coca-Cola in 1992.
Most recently, Apter served as chief of staff for Chairman and CEO James Quincey. In that role, which she held for two years, Apter helped drive the company’s reorganization efforts as well as the company’s broader cultural transformation.
Apter joined Coca-Cola in 2005 and went on to hold a variety of roles in treasury and global benefits, including as assistant treasurer, where she led capital management, currency hedging, risk and insurance, and benefits and investments functions.
Prior to Coca-Cola, Apter was a director with PricewaterhouseCoopers.
Apter is a graduate, magna cum laude, of Sweet Briar College.