Buy The Coca-Cola Dip Before Its Next Dividend Increase

| About: The Coca-Cola (KO)

Now is the time to add The Coca-Cola Co. (NYSE: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.

The Coca-Cola Declaration Dates 2008 - 2012
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. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.