Coca-Cola Boosts Dividend, Taps New Treasurer
February 18 2021 - 1:39PM
Dow Jones News
By Kimberly Chin
Coca-Cola Co. on Thursday increased its quarterly dividend and
named a new treasurer.
The beverage company raised its first-quarter dividend to 42
cents a share from 41 cents a share, representing a 2.4% increase.
The annual dividend will be $1.68 a share.
The new dividend will be payable on April 1 to shareholders of
record as of March 15.
Separately, the company named Stacy Apter as its next treasurer
and vice president, effective March 1. She will be the first female
treasurer of the company, Coca-Cola said.
She succeeds Christopher Nolan, who will step down from the
treasurer role to retire. He has served more than 11 years as the
company's treasurer, the company said.
Ms. Apter was most recently the chief of staff for Coca-Cola's
Chairman and Chief Executive James Quincey, where she has helped
the company with its reorganization efforts. She joined the company
in 2005 and has held various treasury and global benefits
roles.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 18, 2021 13:24 ET (18:24 GMT)
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