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Markets · Investing · Business
Finance
Coca-Cola Earnings Are in. 3 Reasons Why the Dividend Stock Just Hit an All-Time High.
Coca-Cola just reported strong earnings results ahead of Wall Street consensus estimates.
Long viewed as a defensive consumer staples stock, Coca-Cola(NYSE:KO) is showing that sometimes it pays to be safe, especially if you can outperform once in a while.
Following its second-quarter earnings results, released early on July 28, the stock rose roughly 5%. This year, Coca-Cola stock is up nearly 28%, outperforming many major market indexes and even some of the most prominent artificial intelligence stocks.
Details
Coca-Cola is also one of the strongest dividend stocks in the entire stock market. Having paid and raised its annual dividend for 64 consecutive years, Coca-Cola is a Dividend King with a trailing yield of 2.4%.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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