Warren Buffett Loves This Dividend King -- Should You?
You may have seen photos of Warren Buffett happily sipping Coca-Cola's (NYSE: KO) famous soft drink. But Buffett isn't just a fan of the beverage -- he also loves the company. Berkshire Hathaway's chairman started buying Coca-Cola shares in the late 1980s over a seven-year period and has held onto them ever since.
There's a lot to like about Coca-Cola, including its brand strength. It's grown earnings over time and increased its dividend annually. But does this, along with the nod from Buffett, make the beverage giant a good investment for you?
First, let's look at Buffett's experience with Coca-Cola. Berkshire Hathaway owns 400 million shares of the company. Back in 1994, that equaled a dividend payment of $75 million for the year. Thanks to Coca-Cola's dividend increases, however, the beverage maker paid Berkshire Hathaway $704 million in dividends last year.
Source Fool.com
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