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.
|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.