10 Dogs of the Dow Dividend Stocks to Invest in

6. The Coca-Cola Company (NYSE:KO)

Dividend Yield as of December 17: 3.06%

The Coca-Cola Company (NYSE:KO) is a Georgia-based multinational beverage company. It posted third-quarter 2024 revenues of nearly $12 billion, exceeding analysts’ projections by $290 million. The company demonstrated strong cash generation, with $2.9 billion in operating cash flow and $1.6 billion in free cash flow. Its adjusted operating margin reached an impressive 30.7%, reflecting solid profitability.

The Coca-Cola Company (NYSE:KO) has consistently been favored by investors thanks to its long-standing position as a market leader. Its most significant competitive advantage is its strong brand, which creates a barrier to competition and differentiates it from others in the industry. In addition to its trusted reputation for delivering a reliable product, the company has developed exceptional marketing skills, ensuring its brand remains highly visible and memorable to consumers. The stock is up by over 6% in 2024 so far.

This consistent performance has resulted in significant long-term benefits for shareholders, as The Coca-Cola Company (NYSE:KO) has raised its dividend for an impressive 62 consecutive years. Few companies can match such a remarkable record of returning profits to investors. Its quarterly dividend comes in at $0.485 per share for a dividend yield of 3.06%, as of December 17.

Insider Monkey’s database of Q3 2024 indicated that 69 hedge funds held stakes in The Coca-Cola Company (NYSE:KO), up from 68 in the previous quarter. The overall value of these stakes is roughly $35 billion. Warren Buffett’s Berkshire Hathaway held the largest individual stake in the company, with 400 million shares.