Today I learned from MarketWatch that Coca-Cola Corp (KO) announced Thursday a 6% increase in its quarterly dividend to 35 cents a share from 33 cents a share. The new dividend will be payable April 1 to shareholders of record as of March 15. Based on Wednesday’s closing price of the beverage giant’s shares at $43.49, the new annual dividend of $1.40 a share represents a dividend yield of 3.2%. I have 100 shares of KO, so my forward gross dividend from KO will become $35 per quarter and my YOC in KO will improve from 3.4％ to 3.6％.
T Rowe Price Group Inc (TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.54 per share payable March 30, 2016 to stockholders of record as of the close of business on March 16, 2016. The quarterly dividend rate represents a 3.85% increase over the previous quarterly dividend rate of $0.52 per share. YOC of my position in TROW will slightly will be improved from 2.5% to 2.6%.
Disclosure: Long KO, TROW