Coca-Cola Icecek Rises After Pledging to Pay Dividend May 25

Coca-Cola Icecek AS (CCOLA), the bottler of cola drinks, gained in Istanbul after saying it will pay a gross dividend of 0.24 liras per share on May 25.

Coca-Cola Icecek climbed as much as 9.5 percent to a record high before paring gains to 4.6 percent and closing at 24.90 liras, its strongest in almost a month. The company made the statement on the dividend to the Istanbul Stock Exchange after markets closed yesterday.

To contact the reporter on this story: Mark Bentley in Istanbul at mbentley3@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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