Wed Sep 25 04:13:56 UTC 2024: ## Coles Delivers Dividend Payday, Shares Up Slightly

**Sydney, Australia – September 25, 2024** – Investors holding shares in Coles Group Ltd (ASX: COL) are celebrating today as the supermarket giant delivers its final dividend payment for the 2024 financial year. The share price, while experiencing a modest increase of 0.28% to $18.08, is overshadowed by the 32 cents per share dividend, fully franked, hitting bank accounts.

The dividend follows a strong financial year for Coles, with revenues reaching $43.6 billion, a 5.7% increase, and underlying earnings before interest and tax rising 7.3% to $2.18 billion. This ultimately translated to a 4.1% increase in underlying net profits after tax to $1.21 billion.

This payout, along with the 36 cents interim dividend paid in March, brings the total dividend for the year to 68 cents per share. This is the highest annual dividend Coles has offered since its ASX debut in 2018.

Coles’ strong financial performance, paired with its generous dividend policy, has made it an attractive investment for income-seeking investors. With a current dividend yield of 3.76%, Coles continues to be a strong performer in the Australian market.

**Note:** This news article summarizes information from the original text and focuses on the dividend payout and Coles’ financial performance. It omits the promotional elements related to The Motley Fool’s services and membership options.

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