Published on 11 Apr 2024 on Motley Fool via Yahoo Finance
Is Coca-Cola Stock a Screaming Buy After Its Big Dividend Raise?
In many ways for many investors, Coca-Cola (NYSE: KO) is a model dividend stock. The company is a Dividend King, meaning it has raised its shareholder payout at least once annually for a minimum of 50 years. Its current streak stands at a hard-to-conceive 62 straight years.
Coca-Cola management is well aware that the dividend is a big part of the stock's attraction. That's probably a key reason it raised the payout by a relatively high 5%-plus back in February. Let's take a closer look at that raise and whether it indicates the company is a relatively flat investment these days -- or still has enough fizz to make it a worthy buy.