Coca Cola announced 1H17 underlying NPAT fell 4.3%, to $190 million. The company declared an interim dividend of 21 cents, which is 75%
franked.
Forward guidance suggest relatively flat EPS will continue with full year NPAT expected to be $420 million.
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Indonesia and PNG are delivering improved earnings metrics and we have the company on a forward dividend yield of 5.4%, assuming 44 cents in annualised DPS.
