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Coca-Cola Board Announces Dividend Increase; Elects New Vice President And Treasurer

Published on Feb 23 2021 12:06 PM in Drinks tagged: Trending Posts / Coca-Cola

Coca-Cola Board Announces Dividend Increase; Elects New Vice President And Treasurer

The board of directors of The Coca-Cola Company has announced that it has approved the company's 59th consecutive annual dividend increase, raising the quarterly dividend by 2.4% 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 on 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 January 1, 2010, to $61.9 billion.

New Vice President And Treasurer

The board has also announced that it has elected Stacy Apter as vice president and treasurer, effective March 1.

Apter will succeed Christopher Nolan, who is retiring after more than 11 years as treasurer.

Nolan began his career at Coca-Cola in 1992.

Apter, who is a graduate, magna cum laude, of Sweet Briar College, joined Coca-Cola in 2005 and has held 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.

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 reorganisation efforts as well as the company's broader cultural transformation.

Prior to working at Coca-Cola, Apter was a director with PricewaterhouseCoopers.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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