Patience may pay off for KO holders, but beware...
The Coca-Cola Co (KO) manufactures, distributes, and markets nonalcoholic beverages worldwide. This dividend king has paid uninterrupted dividends on its common stock since 1893 and increased payments to common shareholders every for 55 years in a row. Warren Buffett’s Berkshire Hathaway Inc.‘s (BRK.A,BRK.B) is the largest shareholder of the world’s largest beverage company.
The company’s last dividend increase was in February 2017 when the Board of Directors approved an 5.70% increase to 37 cents per share. Coca-Cola’s largest competitors include PepsiCo, Inc. (PEP), Dr Pepper Snapple Group Inc. (DPS) and Monster Beverage Corporation (MNST).
Over the past decade this dividend growth stock has delivered an annualized total return of 8.90% to its shareholders.