Here's How Many Shares of Coca-Cola You Should Own to Get $4,000 in Yearly Dividends
The yield may not be sky-high, but what this stock lacks in raw firepower it more than makes up for in consistent reliability.
Looking for reliable dividend income? You'd be hard-pressed to find a better all-around option than The Coca-Cola Company (NYSE: KO). While you can find higher yields than its forward-looking dividend yield of 2.8%, with 63 consecutive years of annual payout growth under its belt, the beverage giant's dividend pedigree is second to none. Some investors use its reliably rising dividend to pay their ever-rising recurring bills.
So, how much Coca-Cola stock would be needed to, say, generate $4,000 worth of dividends per year (which is about how much the average household spends per year on utilities, gas, water, phone, and cable TV, by the way, according to the Bureau of Labor Statistics.)
It's not a company that needs much of an introduction. The organization's flagship product is, of course, its namesake cola. The Coca-Cola Company, however, also owns other beverage brands like Minute Maid juices, Powerade sports drinks, Gold Peak tea, and Dasani water, just to name a few. This diverse lineup means it's got something to sell to nearly all consumers, catering to their continually changing preferences. That's one of the key reasons it's been able to afford over six decades of reliable yearly payout growth.
