Coca-Cola Consolidated Announces Dividend Increase and Share Repurchase Program

Core Points - Coca-Cola Consolidated, Inc. has increased its quarterly dividend to $2.50 per share, up from $0.50 per share, effective November 8, 2024, for stockholders of record as of October 25, 2024 [1] - The Board of Directors has approved a $1.0 billion share repurchase program for the Company's Common Stock, with management having discretion over the timing and amount of repurchases [2] - The Chairman and CEO, J. Frank Harrison, III, stated that the company's improved profitability and strengthened balance sheet enable reinvestment in the business and support the increased dividend and share repurchase program, reflecting a commitment to return cash to stockholders [3] Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia with a broad portfolio of beverages [4] - The company is headquartered in Charlotte, N.C., and is traded on The Nasdaq Global Select Market under the symbol "COKE" [5]