Coca-Cola Europacific Partners (LSE:CCEP) has declared a second-half Interim Dividend of €1.42 per share, with a Record Date of Friday 20 November and payment on Thursday 3 December, taking its full-year total to €2.24.

Dividend announcements often come with a string of dates attached, and the one from Coca-Cola Europacific Partners (LSE:CCEP) is no exception. Alongside its third-quarter trading update on Tuesday 3 November 2026, the FTSE 100 bottler confirmed a second-half interim dividend of €1.42 per share. The record date is Friday 20 November 2026, and the payment date is Thursday 3 December 2026.

The declaration came on a day when CCEP's shares fell 2.1% in London, according to Reuters, after the company flagged cost pressures for 2027. The FTSE 100 fell 1.14% to 10,638.43. The dividend itself, though, sits within guidance that management reaffirmed in full.

The dividend in numbers

CCEP pays its dividend in two parts each year. For 2026, the figures are:

First-half interim dividend:€0.82 per share.

Second-half interim dividend:€1.42 per share.

Full-year total:€2.24 per share.

The company's stated policy is to pay out around 50% of comparable Earnings Per Share as dividends, and it reaffirmed that target as part of its 2026 guidance. A Payout Ratio of this kind links the dividend to earnings, so the amount can rise or fall as profits change, rather than being fixed in advance.

For illustration, a hypothetical holder of 1,000 CCEP shares would be entitled to €1,420 from the second-half dividend (1,000 × €1.42) and €2,240 across the full year (1,000 × €2.24). These figures are illustrative only and take no account of tax, fees or currency conversion.

What the dates mean

Three terms tend to come up whenever a dividend is declared, and they are easy to confuse.

Therecord dateis the day the company checks its share register to see who is entitled to the dividend. For CCEP, that is Friday 20 November. Anyone recorded as a Shareholder at that point qualifies for the €1.42 payment.

Theex-dividend dateis the first day on which shares trade without the right to the upcoming dividend. Because share settlement takes time, the ex-dividend date usually falls shortly before the record date. Someone who buys on or after the ex-dividend date will not receive that dividend; the seller keeps the entitlement instead. The source material does not state CCEP's ex-dividend date, so holders would need to check the company's own announcement for the precise day.

Thepayment dateis when the money actually arrives. For CCEP, that is Thursday 3 December.

Share prices often adjust on the ex-dividend date to reflect the fact that new buyers will no longer receive the payment, although many other factors move prices on any given day.

There is also a currency angle. CCEP declares its dividend in euros, while many FTSE 100 holders think in sterling. For UK-based investors, this introduces a currency dimension. The amount received in sterling depends on the Exchange Rate applied, and on how the company and the investor's platform handle conversion.

For illustration only, sterling was trading at about 83.53p per euro on Monday 2 November. At that rate, €1,420 would be worth approximately £1,186.13 (1,420 × 0.8353). The actual rate used for the payment will almost certainly differ, so this calculation is purely to show how exchange rates can affect the sterling value of a euro dividend.

Currency movements are particularly relevant this week. The Bank of England is widely expected to raise rates by 25 basis points to 4% on Thursday 5 November, its first increase since August 2023, and decisions of that kind can influence sterling's value against other currencies.

How the dividend sits against the business

The third-quarter figures provide context for the payout. Revenue rose to €5,764m from €5,410m, up 6.5% reported and 5.8% FX-neutral, and Investing.com reported that this beat forecasts. Volume grew 3.6% to 1,048m unit cases, helped by a 17.3% rise in energy drinks. Over nine months, revenue reached €16,488m, up 6.0% FX-neutral.

CCEP reaffirmed all of its 2026 targets: revenue growth of 3% to 4%, operating profit growth of around 7% and comparable free Cash Flow of at least €1.7bn, as well as the roughly 50% payout ratio. Free cash flow matters for dividends because payments are made in cash, not accounting profit.

The company is also returning money through buybacks. Of a €1bn programme planned for the year, about €880m had been completed by 30 October, and the programme is due to conclude this year.

The note of caution concerned 2027. Management expects next year's cost headwinds to be higher than this year's, although chief financial officer Ed Walker said they were "nowhere near the levels that we saw back in 2022 or 2023". CCEP will not provide 2027 guidance until its full-year results in February. Because the dividend is linked to comparable earnings, anything that affects next year's profits could ultimately feed through to the payout, though the company has given no indication of future dividend levels.

Key dates to watch

Thu 5 Nov:Bank of England MPC decision, with a 25bp rise to 4% widely expected; relevant to sterling and the conversion of euro dividends.

Fri 20 Nov:CCEP record date for the €1.42 interim dividend.

Thu 3 Dec:CCEP €1.42 interim dividend payment date.

February 2027:CCEP full-year results, with first 2027 guidance.

The bottom line

CCEP's €1.42 second-half dividend brings its 2026 total to €2.24 per share, consistent with a payout policy of around 50% of comparable earnings that management reaffirmed this week. For FTSE 100 holders, the key practical dates are the record date of Friday 20 November and the payment date of Thursday 3 December, with the ex-dividend date to be confirmed from the company's own materials.

For sterling-based investors, the final value received will also depend on exchange rates at the time of payment. Looking further ahead, the expected rise in 2027 cost headwinds and February's first guidance for next year are likely to be the main reference points for anyone following how the payout might develop.