2024-03-17 08:00:00 ET
Summary
- Coca-Cola's most recent dividend boost came in ahead of my prediction of 4.3%.
- The company's net revenue and comparable EPS jumped in Q4.
- Coca-Cola enjoys an A+ credit rating from S&P on a stable outlook.
- Shares of the consumer staple could be priced 4% below fair value.
- Coca-Cola could have enticing near-term total returns ahead and basically match the S&P in the coming decade.
Finding out that an investment holding is going to send me more cash than I anticipated is one of many things that I love about dividend growth investing. When this happens, it's a thing of beauty.
For more mature businesses, this is a sign that management is confident in the future of their company. They are retaining more than enough cash flow to invest in appropriate opportunities to further grow the business....
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Coca-Cola: Accelerating Dividend Growth Makes This Dividend King A Buy