Is Coca-Cola a Great Dividend Stock?
Coca-Cola (NYSE: KO) has long served investors well on the dividend front. The consumer staples stock has hiked its payout for 58 consecutive years and has paid 395 dividends since 1920.
One of the most famous Coca-Cola investors is Warren Buffett. The 400 million shares that Berkshire Hathaway purchased for about $1.3 billion generated $640 million in dividend income last year alone.
Few investors will profit from Coca-Cola in either percentage or absolute terms as much as Buffett. But should new investors buy Coca-Cola stock for the dividends?
Source Fool.com
