Now is the time to add The Coca-Cola Co. (KO) to your portfolio during its recent price dip before the next dividend increase is announced in a few days.
If you're looking for a steady stock you can rely on for retirement that will give you dividend growth for years then look into Coca-Cola. Its raised the dividend consistently since the 1960s and doesn't look like it will stop soon, having just reported a net income of $1.87 billion for December 31, 2012.
Coca-Cola has seen tremendous success in growth overseas and there doesn't seem to be any slowing down. And if you just want a consistent dividend growth stock, just look at what it did with its dividend from 2008-2012. Coca-Cola paid $.76 in dividends for 2008 and $1.02 in 2012, that's an increase of 34% to the dividend, with another increase just around the corner.
Over the last few years The Coca-Cola Company has declared the Q1 dividend in February.
| Year | Declaration Date |
|---|---|
| February 21, 2008 | |
| 2009 | February 19, 2009 |
| 2010 | February 18, 2010 |
| 2011 | February 17, 2011 |
| 2012 | February 16, 2012 |
If you have been waiting for the right time to buy or buy more Coca-Cola then this is it. Since the stock split in August 2012, and the fact that it is currently trading at $36.84 (Febriaru 14 close), it has only traded lower than this two other times since the split. With a dividend increase coming soon, I would strongly look at getting into Coca-Cola now before it turns back around and heads higher.
Disclosure: I am long KO.
