As per The Coca-Cola Co (NYSE:KO)’s news release on 2016-07-21, its shareholders will get cash dividend of $0.35 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-15 and 2016-10-03, respectively.
The stock will commence trading ex-dividend from 2016-09-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year The Coca-Cola Co (NYSE:KO) disbursed $0.35 in dividend compared to distribution of $0.35, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 8.1967%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated The Coca-Cola Co (NYSE:KO) to attain a price target of $47.181. It is an average estimate figure given by 11 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $52. The low price range is set at $40 for next year while the arithmetic mean is seen at 2.35.
Eyeing Earnings The Coca-Cola Co (NYSE:KO) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.49 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, The Coca-Cola Co (NYSE:KO) earnings came at $0.6 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.58 for the quarter.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...