It's no secret that billionaire investor Warren Buffett is a huge fan of Coca-Cola (NYSE: KO), both the business and the beverage. The stock is one of Berkshire Hathaway's (NYSE: BRK.A) biggest holdings today, in fact, thanks to some impressive capital gains over the past 30 years.

But Buffett is even happier about the dividend payments that Coke sends out with predictable frequency. In 2022, annual income from this one Berkshire holding crossed $700 million  and was a large part of what Buffett called the "secret sauce" that's responsible for the company's market-thumping portfolio returns.  

The good news is investors can sprinkle a bit of that secret sauce into their own portfolios right now. And, thanks to Wall Street pessimism about Coke's short-term growth opportunities, they don't have to pay a huge premium for this dividend stock.

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Source Fool.com