KO - 1 Magnificent S&P 500 Dividend Stock Down 16% to Buy and Hold Forever
2024-06-13 06:15:00 ET
Are you on the hunt for a new "forever" dividend stock? If so, you've probably already stumbled across beverage behemoth Coca-Cola (NYSE: KO) . The company's not only paid dividends like clockwork for decades now, but has also raised its annual dividend payout every year for the past 62 years. You could certainly do worse than plugging into this blue chip ticker while it's yielding just a tad over 3%.
You could also do a little bit better, however. Shares of rival PepsiCo (NASDAQ: PEP) offer a slightly higher dividend yield at this time, while the stock itself may offer more upside potential.
Don't freak out if you already own a stake in Coke. You'll be fine. It's a proven player, too.
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1 Magnificent S&P 500 Dividend Stock Down 16% to Buy and Hold Forever