Coca-Cola Co. raised its quarterly dividend to 42 cents a share, up 2.4 percent from an already relatively high dividend of 41 cents to mark the 59th straight year of dividend increments.
Its shares went up nearly 1.3 percent to $50.77 at the close of trading on Feb. 18. The new quarterly dividend is payable on April 1 to stockholders of record on March 15.
Coca-Cola Co. made the increase a week after reporting that it calculated a potential liability of around $12 billion resulting from the application of the Internal Revenue Service (IRS)'s proposed transfer pricing methodology to foreign licensees through Dec. 31, 2020.
The company disclosed the potential tax hit on its fourth quarter and full-year 2020 results.
The Atlanta-based soft drink company noted that the US Tax Court "predominantly" sided with the IRS on the issue of transfer pricing or licensing of the intangible property of its brand names and formulas to its foreign licensees.
However, the company said it will ultimately prevail in the case based on the technical and legal merits of its position, its consultation with outside advisors, and the unconstitutionality of the IRS' retroactive imposition of tax liability.


Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 



