Coca-Cola Raises Dividend for 64th Straight Year Ahead of Q2 Earnings

Earnings
โดย 24/7 Wall St.·Read original
Summary · why it matters

Coca-Cola raised its dividend for the 64th consecutive year and expanded its operating margin to 35.0% ahead of its July 28 second-quarter earnings report. The company reported first-quarter 2026 revenue of $12.47 billion, up 12.07% year over year, with organic growth of 10% and earnings per share of $0.86 that beat estimates by 5.87%. Free cash flow surged 131.85% to $1.755 billion, and management guided to roughly $12.2 billion in free cash flow for 2026, comfortably covering the $8.8 billion in dividends paid in 2025. The quarterly dividend rose from $0.51 to $0.53, yielding 2.51%, while the company repurchased $477 million in shares in the first quarter with about $5.2 billion still authorized. By comparison, PepsiCo's quarterly revenue growth of 6.4% is roughly half of Coca-Cola's 12.1%, and Keurig Dr Pepper reported a 47.7% decline in quarterly earnings.

Impact on stocks 4

Consumer Staples± Mixed · 4 stocks
The Coca-Cola Company
KO
▲ PositiveCapitalrelevance

Coca-Cola raised its dividend for the 64th straight year, expanded operating margin, beat earnings estimates, and has strong free cash flow.

Keurig Dr Pepper Inc
KDP
▼ NegativeCompetitionrelevance

Article notes Keurig Dr Pepper reported a 47.7% decline in quarterly earnings, contrasting with Coca-Cola's strong performance.

PepsiCo Inc
PEP
▼ NegativeCompetitionrelevance

Article compares PepsiCo's 6.4% revenue growth unfavorably to Coca-Cola's 12.1% growth.

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