Coca-Cola Consolidated, Inc. Announces Second Quarter Dividend

Rhea-AI Summary

Coca-Cola Consolidated (NASDAQ: COKE) declared a $0.50 dividend for the second quarter of 2023. This dividend applies to both Common and Class B Common Stock. The payment date is set for May 12, 2023, with a record date of April 28, 2023.

Headquartered in Charlotte, N.C., Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving an extensive customer base across 14 states and the District of Columbia. The company has a rich history of over 121 years and maintains a commitment to excellence in beverage production and distribution.

Positive

• Dividend of $0.50 per share, reflecting company confidence.
• Continued operational presence in 14 states and the District of Columbia.

Negative

• None.

CHARLOTTE, N.C., April 14, 2023 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) announced that the Board of Directors has declared a dividend for the second quarter of 2023 of $0.50 per share on shares of the Company's Common Stock and Class B Common Stock payable on May 12, 2023 to shareholders of record as of the close of business on April 28, 2023.

CONTACTS:
Josh Gelinas (Media)	Scott Anthony (Investors)
Vice President, Communications	Executive Vice President & Chief Financial Officer
(704) 807-3703	(704) 557-4633
Josh.Gelinas@cokeconsolidated.com	Scott.Anthony@cokeconsolidated.com

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, Twitter, Instagram and LinkedIn.

–Enjoy Coca-Cola–

FAQ

What is the dividend amount declared by Coca-Cola Consolidated for Q2 2023?

Coca-Cola Consolidated declared a dividend of $0.50 per share for the second quarter of 2023.

When will the dividend be paid to shareholders of Coca-Cola Consolidated?

The dividend will be paid on May 12, 2023.

What is the record date for the dividend payment of Coca-Cola Consolidated?

The record date for the dividend payment is April 28, 2023.

How often does Coca-Cola Consolidated pay dividends?

Coca-Cola Consolidated pays dividends quarterly.

Is the dividend from Coca-Cola Consolidated sustainable?

The sustainability of the dividend will depend on the company's future financial performance and cash flow.