As the nation celebrates its 250th birthday and people head to the beach, it’s also a good time to do a mid-year review of your investments.
For investors seeking dividend growth, Coca-Cola (NYSE: KO) stands out
Here’s why this company belongs in your forever portfolio. A payout you can count on Coca-Cola has built an impressive track record of raising dividends. When the board of directors hiked the quarterly payout earlier this year, it brought the company’s streak to 64 straight years.
That makes Coca-Cola a Dividend King, an illustrious group of stocks that have increased their dividends for at least 50 straight years. Shares of the iconic beverage maker currently pay a quarterly rate of $0.53 per share, 4% higher than the previous $0.51 per share. The $2.12 annualized rate works out to a 2.5% dividend yield.