Is Coca-Cola Still a Great Dividend Stock?
When you think of Coca-Cola (NYSE: KO), you may first think of a glass filled with an ice-cold bubbly beverage. But, after that, another image might be quick to pop into your head. And that's the one of passive income filling up your portfolio. That's because Coca-Cola is not only a classic beverage but it's also a classic dividend stock. In fact, Coca-Cola has increased these payments for more than 60 years.
Coca-Cola also gained dividend fame thanks to billionaire investor Warren Buffett. At the helm of Berkshire Hathaway, he started investing in the beverage maker in the late 1980s and has held on since. Still, Coca-Cola isn't alone in the world of dividend stocks. And some offer bigger payments per share or higher dividend yields. So, is Coca-Cola still a great dividend stock? Let's find out.
First, it's important to keep in mind that dividends should be part of the big picture. You shouldn't buy Coca-Cola for dividends only. It's essential to understand the business and be optimistic about Coca-Cola's future if you aim to invest in the shares.
Source Fool.com
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