In 1988, Warren Buffett secured permission from the SEC to keep Berkshire’s trades secret, citing his influence on markets. Decades later, he revealed Coca-Cola as a key stock in Berkshire’s massive gains, with $816 million in yearly dividends. Buffett’s initial $1.3 billion investment in Coca-Cola grew to 400 million shares, yielding a 50% annual return. Buffett highlighted Coca-Cola’s dividends as “the secret sauce” behind Berkshire’s 3,787,464% return since 1965. Coca-Cola’s status as a Dividend King and potential for future dividend growth make it a strong income play, despite limited capital appreciation.
Read more at Nasdaq: Warren Buffett Once Got Permission From the SEC to Hide His Trades for a Year to Buy 1 Stock: Decades Later, Is It Still a Buy?
