There’s something satisfying about getting paid to own a piece of a business.
You buy shares, the company sends you money every so often, usually once per quarter, and you don’t have to lift a finger
Coca-Cola (NYSE: KO) has been doing exactly that for its shareholders since before your grandparents were born. The beverage giant has paid dividends for over a century and raised them for 62 consecutive years, making it a Dividend King (a title reserved for companies with at least 50 consecutive years of annual dividend increases). So how many Coke shares would you actually need in order to collect $1,000 a year in dividends?
The basic math Let’s do some napkin math. Coca-Cola pays $0.53 per share, per quarter. That’s $2.12 per share annually.