Coca-Cola is a Dividend King You Can Trust This Decade

Coca-Cola (NYSE:KO) is one of the most recognizable brands on Earth. This Atlanta-based beverage company manufactures, markets, and sells non-alcoholic beverages to a worldwide client base. Its shares have climbed 4.8% in 2022 as of close on August 30. The stock is up 10% in the year-over-year period.

Beyond its super brand, Coca-Cola is also in elite company compared to its peers on the New York Stock Exchange (NYSE). It is a dividend king. That means it has delivered at least 50 straight years of dividend growth. Indeed, it has posted dividend increase for 60 consecutive years. It currently offers a quarterly dividend of $0.44 per share, which represents a 2.8% yield.

The company released its second quarter fiscal 2022 earnings on July 26. It delivered net revenue growth of 12% to $11.3 billion. Meanwhile, comparable earnings per share (EPS) rose 4% to $0.70. Coca-Cola achieved operating income growth of 13% in its Europe, Middle East, & Africa segment. Meanwhile, it suffered marginal declines in the rest of its global segments. It posted unit case volume growth of 8%, delivering growth in all operating segments.

Shares of Coca-Cola currently possess a price-to-earnings ratio of 28. That puts this top stock in favourable value territory compared to its industry peers. It is geared up for strong earnings growth going forward. Investors can trust this dividend king for decades to come.