Coca-Cola, a blue-chip dividend stock, has increased its annual dividend for 63 consecutive years. The current annual dividend payout is $2.04, and to earn $1,000 yearly, you would need 490.2 shares. With the stock price at $67.86, it would cost around $33,265 to acquire those shares. Utilizing a DRIP can maximize the benefits of Coca-Cola’s attractive dividend. While it’s important to invest in sustainable dividend stocks, note that Coca-Cola was not among the 10 best stocks identified by The Motley Fool Stock Advisor team. Investing in dividend stocks like Coca-Cola requires time to see a return on investment.

Read more at Yahoo Finance: Here’s How Many Shares of Coca-Cola Stock You’d Need for $1,000 In Yearly Dividends