Here's How Many Shares of Coca-Cola Stock You'd Need for $1,000 In Yearly Dividends
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Coca-Cola (KO) has been a leading dividend stock, increasing its annual dividend for 63 consecutive years. Currently, the annual payout is $2.04 per share. To earn $1,000 in yearly dividends, an investor would need to own approximately 490.2 shares, costing around $33,265 at the recent stock price of $67.86. Investing in Coca-Cola offers sustainable dividends, and utilizing a dividend reinvestment plan (DRIP) can enhance long-term returns by automatically reinvesting dividends into additional shares.
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