Companies and Brands
Coca-Cola Dividend Hike Leads in Coke-Pepsi Investor Taste Test
Published:
Last Updated:
The dividend hike train continues to march forward and onward. Now we have an investor taste test happening between Coca-Cola Co. (NYSE: KO) and PepsiCo Inc. (NYSE: PEP), as the former just raised its dividend.
The Coca-Cola board of directors approved the company’s 51st consecutive annual dividend increase on Thursday. The hike is by 10% to a quarterly payout of $0.28 per common share from $0.255 per quarter before. Now that the annualized dividend rose to $1.12 per share from $1.02 per share last year, Coca-Cola investors who are buying the stock today will get close to a 3% yield. Technically it is 2.97%, versus the prior yield of 2.7% before the hike was announced.
Exactly two weeks ago PepsiCo Inc. (NYSE: PEP) declared its fourth consecutive quarterly dividend of $0.5375 per share. That represented a dividend yield of about 3% at the time, and the current Pepsi price above $75.00 generates a yield for new investors of about 2.86%. The reason we mention Pepsi has telegraphed that it will have a higher dividend starting in June.
24/7 Wall St. recently offered up a list of DJIA stocks from which we expect dividend hikes to come very soon. Coca-Cola was on that list, as were six other DJIA stocks.
After this is the 51st annual dividend hike, you know why they have a list called the dividend aristocrats. This is also one of the top super-fresh dividends for Warren Buffett’s Berkshire Hathaway as well.
Robinhood revolutionized commission free investing, and it continues to do so today. With a few simple taps you can trade stocks like Nvidia and Amazon, market beating mutual funds, and trade options with Robinhood Financial. FDIC insurance coverage is just another benefit.
And, you can buy and sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) with Robinhood Crypto.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.