Hot on the
heels of all the other recent dividend payments Coca Cola Amatil paid its
dividend today.
As I hold
over 1500 Coca Cola shares I received a total dividend payment of $317.60
A nice
little payment that helps move me closer to retirement.
Coca Cola currently yields 4.5% with part franking of 75% and pays a dividend of 42c a share.
It has been a very tough 2 years for CCL as the share price was trading at a high of $14.47 and paid a dividend of 62c a share in 2013.
Today the shares are trading at $9.22 and have gone as low as $8.16
Luckily I had made several purchases of CCL shares which average out to just under today's share price.
I believe in the short term CCL will continue to come under pressure due to the shopping centre price wars and also the changing health habits of Australian consumers. I'm still a long term believer in Coca Cola as Australia will continue to grow as a country and this will help but the major long term benefit is that CCL has the rights to the Indonesian market which has a population nearly 10 times bigger then Australia and is growing more rapidly.
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