The Coca - Cola company just paid out cash dividends of $ 0.54 per share for common stocks in the second quarter of 2021. Which one of the following regarding dividends is correct ? O A Coca - Cola's senior unsecured debtholders are entitled to the dividends O B. Coca - Cola's dividend payment is approved at the annual meeting of shareholders . Coca - Cola cannot treat dividends as tax - deductible expenses . OD If Coca - Cola fails to pay dividends in the rest quarters of 2021 it is considered an event of default