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Coca-Cola declares quarterly dividend

Coca-Cola Co. on Oct. 17 declared a quarterly dividend of 40 cents per share.

The beverage giant will pay the dividend on Dec. 16 to shareholders of record of the company as of Dec. 2.

The dividend remains unchanged from the previous quarterly dividend.

In the same release, the soft drinks giant said the board has elected Gilles Leclerc as vice president. Leclerc is the president of the McDonald's division of Coca-Cola.