The Board of Directors of The Coca-Cola Company today approved the Company's 54th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 33 cents to 35 cents per common share. This is equivalent to an annual dividend of $1.40 per share, up from $1.32 per share in 2015. The first quarterly dividend is payable April 1, 2016, to shareowners of record as of March 15, 2016.
The increase reflects the Board's confidence in the Company's long-term cash flow. The Coca-Cola Company returned $5.7 billion in dividends to shareowners in 2015, bringing the total amount to $29 billion given back to shareowners through dividends since Jan. 1, 2010.
The Board today also elected Brent Hastie, Craig Williams and Julie Hamilton as Senior Vice Presidents of the Company, effective immediately.
Prior to joining The Coca-Cola Company, Hastie was a Principal with McKinsey & Company working in Atlanta, Brazil and South Africa. He also served as an Executive Vice President at Bain Capital, in the Private Equity group.
Craig Williams is President of the McDonald's Division. He leads a global organization that is responsible for building the strategic alliance with McDonald's in over 35,000 restaurants in more than 100 countries. Prior to this, Williams was the Senior Vice President and Chief Operating Officer for the McDonald’s Division and led its five global business units, fostering the Company’s strategic partnerships and building business development plans with the Company’s customer of 60-plus years. He joined the Company in 2005, and has since held positions of increasing responsibility within the McDonald’s Division, which included the role of Vice President, United States, as well as Assistant Vice President, U.S. Marketing.
Before joining The Coca-Cola Company, Williams spent three years as a global marketing leader with CIBA Vision Corporation and seven years with Kraft Foods Inc., working in brand management and new product development. He also spent five years in the U.S. Navy as a Naval Nuclear Power Officer.
Julie Hamilton serves as the Company’s Global Chief Customer and Commercial Leadership Officer. In this role she supports the Company’s global customer partners and builds commercial strategies and customer capabilities across the global system. Prior to this role, she was Executive Assistant to the Chairman and Chief Executive Officer of The Coca-Cola Company.
Hamilton joined The Coca-Cola Company in 1996 and has held a variety of sales, marketing and operational positions including Group Vice President North America Walmart Team, Vice President, Global Customer Development, Group Director for Global On-Premise Customers, Director of Marketing in the North America Retail Division, Group Manager of Strategic Partnership Marketing and Brand Development Manager for Still Beverages.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, the world’s most valuable brand, our Company’s portfolio features 20 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of more than 1.9 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world’s top 10 private employers with more than 700,000 system employees. For more information, please visit www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo or visit our blog at www.coca-colablog.com.