Coca-Cola raises dividend, to boost yield to about 3.3%

Shares of Coca-Cola Co. gained Thursday, after the beverage giant raised its dividend, effectively increasing its yield advantage over rival PepsiCo Inc. Coca-Cola said it is raising its quarterly dividend by 5.4%, to 48.5 cents a share, from 46 cents a share. Shareholders of record on March 15 will receive the new dividend on April 1.... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a subsc ...