Is Coca Cola a good dividend stock?
Coca Cola currently pays a decent forward dividend yield of 3.1%, but higher interest rates have boosted the yields of CDs, T-bills, and bonds above 5%.
The business generates tons of free cash flow, to the tune of $9.7 billion in 2023. Even after investing in capital expenditures, there are a lot of resources left to fund dividends. The current 3.2% yield is healthy. But even more impressive, Coca-Cola has increased its annual dividend payout in 62 straight years.
Coca-Cola (NYSE: KO) is often considered a safe blue chip stock. It owns the world's top soda brand, it generates plenty of cash, and it pays consistent dividends.
Dividend Data
KO 's annual dividend is $1.94 per share. This is the total amount of dividends paid out to shareholders in a year. The Coca-Cola Company's ( KO ) ex-dividend date is March 14, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment.
| Name | Dividend Yield | Dividend Rating |
|---|---|---|
| Columbia Banking System (NasdaqGS:COLB) | 7.66% | ★★★★★★ |
| AGCO (NYSE:AGCO) | 5.39% | ★★★★★★ |
| Silvercrest Asset Management Group (NasdaqGM:SAMG) | 5.19% | ★★★★★★ |
| Resources Connection (NasdaqGS:RGP) | 5.07% | ★★★★★★ |
The business generates tons of free cash flow, to the tune of $9.7 billion in 2023. Even after investing in capital expenditures, there are a lot of resources left to fund dividends. The current 3.2% yield is healthy. But even more impressive, Coca-Cola has increased its annual dividend payout in 62 straight years.
Dividend Summary
The next Coca-Cola Co dividend is expected to go ex in 2 months and to be paid in 2 months. The previous Coca-Cola Co dividend was 48.5c and it went ex 1 month ago and it was paid 21 days ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.9.
Long-term investors looking for a reliable and refreshing addition to their portfolio should consider grabbing a few shares of Coca-Cola. It's not the most exciting growth stock of 2024, but you can't really beat this sweet combo of safety and cash returns.
Its dividend pedigree is second to none
You can certainly find higher-yielding stocks. Look beyond the current yield, though. Coca-Cola has paid dividends like clockwork for decades and has raised its payment every year for the past 61 years. And it looks like there's no end in sight for these increases.
The ownership structure of Coca-Cola Bottling Co Consolidated (co*kE) stock is a mix of institutional, retail and individual investors. Approximately 35.13% of the company's stock is owned by Institutional Investors, 37.60% is owned by Insiders and 27.26% is owned by Public Companies and Individual Investors.
What would happen if I invested $1000 in co*ke 10 years ago?
If you invested in the company 10 years ago, that decision could have paid off. According to CNBC calculations, a $1,000 investment in Coca-Cola in 2009 would be worth more than $2,800 as of Feb. 15, 2019.
| Company | Dividend Yield |
|---|---|
| Evolution Petroleum Corporation (EPM) | 8.39% |
| Eagle Bancorp Inc (MD) (EGBN) | 8.18% |
| CVR Energy Inc (CVI) | 8.13% |
| First Of Long Island Corp. (FLIC) | 7.87% |
Coca-Cola Consolidated To Go Ex-Dividend On January 25th, 2024 With 0.5 USD Dividend Per Share And 16 USD Special Dividend Per Share.
Warren Buffett is widely considered the greatest investor of all time, and much of his investment strategy relies on collecting dividend payments.
Dividend Aristocrats are companies that are part of the S&P 500 and have increased their dividends in each of the past 25 years. Firms in this list have been able to grow their dividends through many different economic environments and through significant periods of recession.
The yield measures how much income investors receive for each dollar invested in the stock. For example, a stock trading at $100 per share and paying a $3 dividend would have a 3% dividend yield, giving you 3 cents in income for each dollar you invest at the $100 share price.
Yes. The Company offers an Automatic Dividend Reinvestment Service that allows all shareholders to easily increase their holdings, while incurring lower brokerage costs and realizing the full rights and privileges on the reinvested shares.
The company has grown revenue by gaining control over more distribution territories. And by investing in its business, it's simultaneously recognized cost savings, resulting in big profit gains. Indeed, the chart below shows that the gains for Coca-Cola Consolidated stock match its gains in operating income.
Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date. That's one day before the ex-dividend date.
PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2024 marked the company's 52nd consecutive annual dividend increase.
Does Pepsi and co*ke pay dividends?
Both Pepsi and Coca-Cola are Dividend Kings, meaning that each has paid and increased the dividend annually for at least 50 years. With dividend stocks, two important metrics are the dividend yield and the dividend payout ratio.
Outlook and prices. Pepsi is the cheaper stock, but investors might still prefer paying the premium for co*ke over its less expensive rival. Sure, you can own Pepsi for 2.5 times sales, or less than half of co*ke's price-to-sales (P/S) ratio of 5.6. You'll get roughly the same 3% dividend yield in either case.
Cash flow is projected to drop in 2024, but that's mainly because of one-time tax payment issues. The long-term outlook is highly positive for co*ke's cash trends, and so investors can count on further steady dividend growth over the coming years (and decades).
Con: The Soda Slide
Perhaps the largest concern that investors have about KO stock is the fact that people are simply turning away from soda and sugary drinks. Coca-Cola's most recent earnings reports prove that people are buying fewer sugary drinks and most analysts believe that trend is going to continue.
See, Coca-Cola isn't growing fast enough that you can buy at any price and make a lot of money. Buffett bought shares in 1988 after the famous 1987 stock market crash dragged the stock 30% off its highs. Virtually everyone has heard of Coca-Cola and admires the company's admirable dividend growth streak.
