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• KO 87% Rate It

Beverage superpower The Coca-Cola Company ( KO ) on Wednesday said its board of directors has voted to recommend a 2-for-1 stock split.

The split, subject to shareholder approval, would be the first in 16 years, and the 11th split in the company's 92-year history.

KO expects to put the measure to shareholder vote during a special meeting on July 10, 2012. Should the split be approved, the anticipated record date for the split would be around July 27, with each KO shareholder receiving one additional share of common stock for each share held around Aug. 10.

Coca-Cola shares posted modest gains in morning trading Wednesday.

The Bottom Line
Shares of Coca-Cola ( KO ) have a 2.75% dividend yield, based on last night's closing stock price of $74.12. The stock has technical support in the $70 price area. If the shares can firm up, we see overhead resistance around the $75-$77 price levels.

The Coca-Cola Company ( KO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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