Coca-Cola Europacific Partners PLC (NASDAQ:CCEP – Get Free Report) declared a semi-annual dividend on Tuesday, November 5th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 1.34 per share on Tuesday, December 3rd. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, November 15th. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.
Coca-Cola Europacific Partners has raised its dividend by an average of 25.8% annually over the last three years. Coca-Cola Europacific Partners has a payout ratio of 57.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola Europacific Partners to earn $4.59 per share next year, which means the company should continue to be able to cover its $2.65 annual dividend with an expected future payout ratio of 57.7%.
Coca-Cola Europacific Partners Trading Down 0.2 %
Shares of NASDAQ CCEP traded down $0.15 during mid-day trading on Wednesday, hitting $76.75. 55,695 shares of the company were exchanged, compared to its average volume of 1,388,202. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $78.46 and a 200-day simple moving average of $75.82. Coca-Cola Europacific Partners has a 1-year low of $59.31 and a 1-year high of $82.32.
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Check Out Our Latest Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Company Profile
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.
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