The Coca-Cola Company has spent more than six decades building one of the longest-running dividend growth records among major U.S. corporations. What makes that history notable is not simply the size of any single increase, but the consistency with which the company has raised its payout.

In February 2026, Coca-Cola’s board approved its 64th consecutive annual dividend increase, raising the regular quarterly dividend from $0.51 to $0.53 per common share. At that rate, the dividend is equivalent to $2.12 per share on an annualized basis, compared with $2.04 in 2025. The increase was approximately 4%.

The 2026 figure requires an important distinction. The $2.12 amount is the annual equivalent of four quarterly payments at the current $0.53 rate. It is not yet a completed full-year amount. As of September 2026, Coca-Cola had declared its first three regular quarterly dividends of the year at that rate, including the dividend payable on October 1.

Coca-Cola has increased its company dividend every year since 1963, according to its historical corporate reporting. That uninterrupted sequence reached 64 consecutive annual increases with the board’s 2026 decision.

The individual increases have often been relatively modest, but compounding them over decades has produced a much larger change in the amount distributed for each share.

Coca-Cola’s investor data shows annual dividends of $1.02 per share in 2012, $1.32 in 2015, $1.64 in 2020, and $2.04 in 2025. Between 2012 and 2025, the annual dividend therefore doubled. That is equivalent to a compound annual growth rate of approximately 5.5% over the 13-year period, based on Coca-Cola’s reported annual dividends per share.

The pace has not been uniform. The annual dividend increased from $1.56 in 2018 to $1.60 in 2019, $1.64 in 2020 and $1.68 in 2021. Those increases were approximately 2.4% to 2.6% a year. Growth then accelerated, with the annual dividend reaching $1.76 in 2022, $1.84 in 2023, $1.94 in 2024 and $2.04 in 2025.

The 2026 increase to an annualized $2.12 represents growth of about 3.9% from the 2025 level.

Coca-Cola’s published investor data provides a useful view of the progression. Older figures require adjustment for the company’s 2012 stock split to make them comparable with current per-share amounts.

Coca-Cola has raised its dividend every year since 1963, although the table below highlights selected years rather than every annual increase.

The historical values through 2025 come from Coca-Cola’s year-end investor table, which reports annual dividends paid per share. The 2026 figure comes from the company’s February dividend announcement and represents the annual equivalent of the current quarterly dividend rather than a completed year of payments.

On a 2012 split-adjusted basis, Coca-Cola’s 2001 dividend of $0.72 becomes $0.36 per share. Compared with the $2.04 paid per share in 2025, the dividend increased by about 467%, or approximately 7.5% a year compounded over 24 years.

Historical dividend figures can be misleading if stock splits are ignored.

Coca-Cola carried out a two-for-one stock split in 2012, its 11th stock split since its shares began trading in 1919. Shareowners received one additional share for every share they held. As a result, the dividend paid on each individual post-split share was correspondingly lower even though the economic payout to someone holding the same underlying investment was not cut.

The effect can be seen directly in Coca-Cola’s historical figures. The company reports an annual dividend of $1.88 per share for 2011 and $1.02 for 2012. Read without context, that would look like a sharp dividend reduction.

It was not.

After the split, Coca-Cola declared a quarterly dividend of $0.255 per share, which the company said was equivalent to the $0.51 quarterly dividend paid before the split. The 2011 annual dividend of $1.88 is therefore equivalent to $0.94 per share on the post-2012 share basis.

That distinction is essential when measuring Coca-Cola’s dividend growth over long periods. The company’s historical table reports the figures applicable to shares at the time, while a long-term comparison needs to account for subsequent stock splits.

Per-share dividends show what an investor receives for each common share, but they are different from the total amount of cash Coca-Cola distributes across all outstanding shares.

In 2025, Coca-Cola paid $8.779 billion in dividends, up from $8.359 billion in 2024 and $7.951 billion in 2023, according to its 2025 Form 10-K. The company reported an annual dividend of $2.04 per share for 2025, compared with $1.94 in 2024 and $1.84 in 2023.

Coca-Cola also reported that its cumulative dividend payments to shareowners from January 1, 2010 through the end of 2025 reached $101.9 billion. That figure measures total cash returned through dividends over the period, not the increase in the dividend per share.

The distinction matters because total dividend spending depends on both the dividend rate and the number of shares outstanding. A higher per-share payment generally increases the company’s cash requirement, while changes in the share count can also affect the total amount distributed.

Coca-Cola’s dividend history demonstrates how relatively small annual percentage increases can accumulate.

The annual dividend moved from $1.60 in 2019 to $2.04 in 2025, an increase of 27.5% in six years. The increases continued through the disruption of 2020 and 2021, although the annual rate of growth during those years remained near 2.5%.

From 2021 to 2025, the annual dividend increased from $1.68 to $2.04, representing growth of approximately 21.4%. Annual increases during this period ranged from roughly 4.5% to 5.4%.

The latest step is smaller. Coca-Cola’s move from $2.04 in 2025 to an annualized $2.12 in 2026 adds eight cents per share, equivalent to approximately 3.9%.

Seen one year at a time, those increases can appear incremental. Over longer periods, their cumulative effect is much more substantial. The dividend paid in 2025 was twice the 2012 level and more than five times the 2001 amount after adjusting that older figure for the 2012 stock split.

Coca-Cola’s dividend history is ultimately a story of consistency rather than unusually large annual jumps.

The company has increased its dividend every year since 1963, and its 2026 decision extended that record to 64 consecutive annual increases. Over the more directly comparable post-split period, the dividend rose from $1.02 per share in 2012 to $2.04 in 2025. The current quarterly rate of $0.53 puts the annualized 2026 dividend at $2.12 per share.

At the same time, Coca-Cola’s total dividend distributions have become a significant use of corporate cash. The company paid nearly $8.8 billion to shareowners through dividends in 2025 alone, bringing cumulative dividend payments since the beginning of 2010 to $101.9 billion.

The annual increases have varied considerably in size, but the direction has remained unchanged for more than six decades. That steady progression is what has transformed a sequence of mostly single-digit yearly increases into substantial long-term dividend growth.