Coca-Cola Consolidated announced a significant increase in its quarterly dividend and a new share repurchase program on August 20, 2024. The company's Board of Directors raised the quarterly dividend to $2.50 per share from $0.50, payable on November 8, 2024, to stockholders of record as of October 25, 2024.Additionally, the Board approved a $1 billion share repurchase program for the company's Common Stock. The repurchase authorization is discretionary with no expiration date, allowing management flexibility in timing and amount based on market conditions and other factors.CEO J. Frank Harrison, III attributed these shareholder-friendly moves to the company's improved profitability and strengthened balance sheet. He emphasized their commitment to reinvesting in the business and employees while building long-term stockholder value through increased dividends and share repurchases.

Coca-Cola Consolidated announced a significant increase in its quarterly dividend and a new share repurchase program on August 20, 2024. The company's Board of Directors raised the quarterly dividend to $2.50 per share from $0.50, payable on November 8, 2024, to stockholders of record as of October 25, 2024.Additionally, the Board approved a $1 billion share repurchase program for the company's Common Stock. The repurchase authorization is discretionary with no expiration date, allowing management flexibility in timing and amount based on market conditions and other factors.CEO J. Frank Harrison, III attributed these shareholder-friendly moves to the company's improved profitability and strengthened balance sheet. He emphasized their commitment to reinvesting in the business and employees while building long-term stockholder value through increased dividends and share repurchases.