Coca-Cola Announces Stock Split: Coca-Cola Co.'s board voted to recommend a two-for-one stock split to shareholders at the soft drink maker's annual meeting April 15. The company also increased the quarterly dividend on common stock to 28 cents a share, a 17% rise from the previous 24 cents a share. If approved by shareholders, the stock split would take effect around May 11, and additional shares would be distributed then. It would be the third such split by Coke since 1986. Coca-Cola now has 664 million shares outstanding. Coca-Cola gained $2.125 to close at $79.125 in NYSE trading.