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THE COCA-COLA COMPANY INCREASES QUARTERLY DIVIDEND 17 PERCENT; BOARD OF DIRECTORS RECOMMENDS 2-FOR-1 SPLIT TO SHARE OWNERS

 THE COCA-COLA COMPANY INCREASES QUARTERLY DIVIDEND 17 PERCENT;
 BOARD OF DIRECTORS RECOMMENDS 2-FOR-1 SPLIT TO SHARE OWNERS
 ATLANTA, Feb. 20 /PRNewswire/ -- The Board of Directors of The Coca-Cola Company (NYSE: KO) today increased the quarterly dividend on the Company's common stock 17 percent to $0.28 per share and voted to recommend a two-for-one stock split to share owners at the annual meeting in April.
 "We're pleased with the aggressive 17 percent increase in our quarterly dividend approved by our Board," said Roberto C. Goizueta, chairman of the Board and chief executive officer. "While rewarding share owners with an increase that's nearly twice the average increase of the last ten years, it also allows us to reinvest heavily in global soft drink opportunities, where our operating income return on assets exceeds 45 percent."
 The quarterly dividend increase, to $0.28 per share, is equivalent to an annual dividend of $1.12. This is the 30th consecutive year in which the Board of Directors has approved an increase in the Company's dividend. The increased dividend is payable April 1, 1992 to share owners of record March 15, 1992.
 If the two-for-one stock split, which will require an increase in authorized shares, is approved by share owners at the Company's 1992 annual meeting on April 15, the additional shares would be distributed around May 11, 1992. Existing stock certificates will remain valid and outstanding. The split would apply to stock held by share owners of record May 1, 1992. It would follow a two-for-one stock split in May, 1990 and a three-for-one stock split in June, 1986.
 -0- 2/20/92
 /CONTACT: Linda Peek of The Coca-Cola Company, 404-676-4848/
 (KO) CO: The Coca-Cola Company ST: Georgia IN: FOD SU: DIV


BN-BR -- AT011 -- 4073 02/20/92 11:11 EST
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Publication:PR Newswire
Date:Feb 20, 1992
Words:297
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