Coca-Cola Raises Dividend 3.9% and Faces U.S. Topo Chico Shortage
Surging demand for Topo Chico has led to widespread U.S. shortages as supply struggles to keep pace. Coca-Cola raised its quarterly dividend by 3.9% to $0.53 per share (annualized $2.12) with an ex-dividend date of March 13 and April 1 payment, yielding about 2.68%.
1. Nationwide Topo Chico Shortage
Rapidly increasing consumer demand for Topo Chico mineral water in the United States has outstripped available inventory, leading major retailers to report empty shelves and backorders. The brand is ramping up production and distribution efforts to alleviate stockouts and capture sustained market interest.
2. Coca-Cola Raises Quarterly Dividend
The company announced a 3.9% increase in its quarterly payout to $0.53 per share, resulting in an annualized dividend of $2.12 and a yield of approximately 2.68%. Shareholders of record on March 13 will receive the payment on April 1, underscoring Coca-Cola’s commitment to returning cash to investors.