From The Motley Fool: 2024-05-15 05:10:00

Coca-Cola’s stock price is up 7.4% in the last month, nearing its all-time high. The company’s commitment to a strong brand portfolio and consistent growth has made it a reliable investment choice. With a 3.1% dividend yield and solid financials, Coke remains a top pick for passive income seekers.

After facing challenges in 2017, Coca-Cola has successfully turned its business around, with strong sales growth and improved margins. As a Dividend King, Coke has raised its dividend annually for 62 years, offering a 3.1% yield. The company’s balance sheet strength allows for consistent dividend increases and stock buybacks.

Despite nearing an all-time high stock price, Coca-Cola remains a solid investment with a reasonable valuation and high yield. The company’s focus on efficiency and growth positions it as an attractive choice for risk-averse investors seeking passive income or supplemental retirement funds.



Read more at The Motley Fool: Up 7% in 1 Month, Is Coca-Cola Stock About to Hit a New All-Time High?