Coca-Cola Europacific Partners (CCEP) To Go Ex-Dividend on May 15th

Coca-Cola Europacific Partners (NASDAQ:CCEP) announced a dividend on Tuesday, April 28th. Investors of record on Friday, May 15th will be given a dividend of 0.82 per share on Wednesday, May 27th. This represents a dividend yield of 197.0%. The ex-dividend date of this dividend is Friday, May 15th.

Coca-Cola Europacific Partners has raised its dividend payment by an average of 0.2%annually over the last three years. Coca-Cola Europacific Partners has a payout ratio of 48.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola Europacific Partners to earn $5.50 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 45.5%.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $92.92 on Wednesday. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The stock has a 50 day moving average price of $96.51 and a 200 day moving average price of $94.01.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.