Due to the recent correction in the market I found many companies to choose from to invest my capital. Not sure what happened, but market fell big time. Apparently it was real ugly, or so I have heard. This was actually a perfect opportunity I was looking to hear because I thrive on chaos. Especially when it is in the stock market when emotions are running wild. So I sat back and initiated a trade. Here it is.
This next company has been refreshing America for over 127 years. Coca-Cola is vastly diversified beverage company that owns and markets nonalcoholic beverage brands. Majority are carbonated beverages, but also wide range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas, coffees, energy and sports drinks. With the most popular brands being Coca-Cola, Diet Coke, Fanta, and Sprite, the company has been selling these products stronger then ever.
KO is also a great dividend growth investing type of company that reward their shareholders. It has increased it’s dividend for 51 years now and I don’t see that coming to a halt.
- Dividend Yield: 3%
- Dividend Growth 5yr: 8.5%
- Payout Ratio: 53%
- P/E: 19.4
I purchased 28 shares for the price of $38.06 adding $31.36 to my annual income.
The 12-month dividend income increased to $2,209.