07-23-2018, 07:51 PM
(07-23-2018, 05:04 PM)Kerim Wrote:(07-19-2018, 04:56 PM)Forticus Wrote: >> Coca-Cola (NYSE: KO) declares $0.39/share quarterly dividend, 5.4% increase
SA published that increase from 0.37 to 0.39 for the April dividend as well.
Have seen other such "doubles". Wonder wether there is a glitch somewhere in the SA software.
I've been noticing this too.
I was too lazy to go back and look at it but perhaps it's like Pepsi and many other companies do.
They announce the regular dividend when approved by the Board every quarter if it doesn't involce a raise. If they're planning to raise it, they'll announce the raise the quarter before the raise is effective. For example, Pepsi usually raises in June. IIRC, they announced the latest raise back in January/February (whenever the December earnings call is scheduled). Then, it's announced again around the time the March-ending quarter earnings report is about to be released and the upcoming dividend raise will take place. I think it's a PR thing to get interest in the stock.
SA picks up on it twice because I think their dividend tool is automated so whatever the company spits out, they report it.