Coca-Cola dividend keeps rising as cash flow lags in recent years
Coca-Cola has increased its dividend for 63 straight years, lifting quarterly payments from $0.39 in 2018 to $0.53 for 2026. Despite a 28.3% year-to-date gain, operating cash flow has trailed dividends in FY2024 and FY2025. FY2025 operating cash flow was $7.408 billion versus $8.779 billion in dividends, raising questions about whether 2026 cash flow will close the gap.