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On Feb. 20, 2025, Coca-Cola (KO) increased its dividend by 5.15%, from 48.5 cents to 51 cents per share. The dividend is payable on April 1 to shareholders of record on March 14.

The stock's contribution to my portfolio's projected annual dividend income will increase by $30 to $612.

I own 300 Coca-Cola shares at an average cost of $48.07 per share. Following this increase, my yield on cost is 4.24% (the stock's forward yield is 2.86% at $71.35 per share).

Since opening my position in March 2014, the stock has generated a total return of 69%, including $2,937.15 in dividend income. That's a solid annualized rate of return of 8.4%.

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