Want $400 a Year in Passive Income? Invest $13,000 in This Dow Dividend Giant
Dividend investors are being offered a sparkling deal on Coca-Cola (NYSE: KO) stock these days. The beverage giant's yield is sitting just above 3% as of this writing, which means you could receive an income of $400 per year by putting about $13,000 to work in the stock.
Of course, you'd want to make an investment like this in the context of a diversified portfolio that includes exposure to many other sectors and business types. But Coke can be a highly positive force in such a portfolio. Let's look at a few reasons why.
Coke's mid-February earnings report contained plenty of good news for its shareholders. Organic sales were up a robust 12% in the fourth quarter, management said, outpacing rival (NASDAQ: PEP). Coke benefits from its higher proportion of on-the-go beverage sales and its more focused portfolio. It is also helping it right now to not have a large exposure to snack foods as PepsiCo does.
Source Fool.com
PepsiCo Inc. Stock
With 15 Buy predictions and not the single Sell prediction the community is currently very high on PepsiCo Inc..
As a result the target price of 176 € shows a slightly positive potential of 6.71% compared to the current price of 164.94 € for PepsiCo Inc..
