Coca-Cola Is an Outstanding Dividend King, but It Has a Glaring Problem
Coca-Cola(KO) The Motley Fool·2024-10-29 22:07
Coca-Cola is adjusting to consumer behavior trends, but the stock's sell-off is justified. Before reporting third-quarter earnings, Coca-Cola (KO -0.99%) stock was having its best calendar year performance in a decade. But shares of the beverage behemoth slipped 3.6% between Oct. 23 and Oct. 25 as investors digested its quarterly print. With a 2.9% dividend yield and 62 consecutive years of increasing its annual payout, Coca-Cola has long been viewed as one of the most reliable dividend stocks on the market ...