<p>饮料专家 <strong>可口可乐</strong>(KO 1.40%) 在年初表现强劲，但自五月以来表现平平，最多也只是持平。自七月以来，股价下跌了 3%，而同期 <strong>标准普尔 500 指数</strong> 上涨了 4%。基于几个月的表现不佳而出售股票从来不是一个好主意，在这种情况下尤其如此。综合考虑，可口可乐是一个绝佳的选择，特别适合那些寻求稳定分红股票的投资者。以下是这家标志性饮料制造商为何值得长期投资的原因。</p>
<h2>可口可乐的韧性基础业务</h2>
<p>可口可乐的股价在今年早些时候可能上涨，因为它被视为在关税威胁下的安全选择。该公司是消费品行业的知名领导者，这个行业在经济衰退期间以其韧性而闻名。此外，尽管可口可乐几乎在每个国家都有业务，但它倾向于为每个地区本地生产产品，从而帮助其避免高额的进口关税。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyMTEvcGVyc29uLWRyaW5raW5nLWJvdHRsZWQtZHJpbmstd2l0aC1hLXN0cmF3LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyMTEvcGVyc29uLWRyaW5raW5nLWJvdHRsZWQtZHJpbmstd2l0aC1hLXN0cmF3LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>尽管如此，可口可乐的财务业绩在今年并不特别强劲。在第二季度，该公司的净收入同比仅增长 1%，达到 125 亿美元。可口可乐的非公认会计原则（non-GAAP）每股净收益同比增长 4%，达到 0.87 美元。尽管如此，可口可乐仍展现出使其成为优秀长期投资的特质。其中之一就是创新。可口可乐始终在更新其产品线，以迎合不断变化的消费者偏好。</p>
<p>该公司的首席执行官詹姆斯·昆西在可口可乐的第二季度财报电话会议上解释了这一点的重要性：“我认为，考虑到行业的规模、吸引力和增长潜力，我们始终在寻找创新的机会，看看是否有新的想法与消费者偏好的演变交汇，记住实际上大多数创新在长期内并不奏效。”</p>
<p>该公司在第二季度推出了 Sprite + Tea，这是一款在社交媒体上获得人气的新产品。可口可乐计划在今年秋季推出一款甘蔗糖口味的可乐产品。该公司在日本推出了添加膳食纤维的可乐产品，并计划继续探索增强纤维的选项。</p>
<p>可口可乐的产品线不断演变。该公司在几乎所有主要饮料类别中都有产品。可口可乐还具备收购新兴品牌并将其纳入其生态系统的能力。另一个好处是，得益于其极强的品牌影响力，几款非常受欢迎的产品可以对公司的业绩产生重大影响。可口可乐的品牌知名度也确保了它在杂货店货架上的位置，这在竞争激烈的市场中对新进入者来说并不容易。</p>
<p>可口可乐可能并不会在每个季度都超越市场，但它能够持续产生收入和利润，定期推出新产品以扩大市场覆盖面，凭借其品牌名称拥有护城河，并能够应对挑战性的市场环境。这使得该股票对长期投资者极具吸引力。</p>
<h2>稀有的分红记录</h2>
<p>可口可乐不仅在一段时间内取得了成功。该公司还长期以来一直在支付并增加其分红。可口可乐实现了连续 63 年的分红增长，获得了 “分红之王” 的称号。这一时期经历了多次经济衰退、几场战争、多个总统任期、监管变化以及消费者偏好的重大转变。可口可乐在这一切中继续奖励股东的能力充分证明了其业务的稳健。</p>
<p>该公司的前瞻性收益率超过 2.9%，高于标准普尔 500 指数的平均水平 1.3%。可口可乐的分红是否可持续？该公司的分红支付比率为 70.6%，看起来较高。但在我看来，这并不值得担忧。可口可乐需要经历很多不利因素，才能打断其长期的分红增长记录，并可能需要从头开始，才能在未来 50 年内再次加入分红之王的行列。即使在疫情期间，当商店的客流量减少，公司收入和收益大幅下降时，可口可乐仍继续增加其分红。</p>
<p>分红是安全的。这只股票是长期以分红为导向的投资者在其投资组合中包含的绝佳选择。</p>

可口可乐

<p>可口可乐（Coca-Cola，股票代码：KO）股价下跌了 4%，尽管它仍然是一个强劲的长期投资，特别是对于寻求分红的投资者。该公司在第二季度报告了 1% 的温和收入增长，达到 125 亿美元，每股收益增长了 4%。可口可乐的创新、强大的品牌影响力以及 63 年来持续的分红增长（收益率为 2.9%）使其对投资者具有吸引力。尽管近期表现不佳，但其韧性的商业模式和适应消费者偏好的能力表明，长期持有者的未来仍然充满希望</p>

<p>Beverage specialist <strong>Coca-Cola</strong>(KO 1.40%) started the year strong, but it has flatlined -- at best -- since May. Since July, the stock has declined by 3%, while the <strong>S&amp;P 500</strong> has increased by 4% over the same period. It's never a good idea to sell a stock based on a few months of underperformance, and in this case it would be an especially bad idea. All things considered, Coca-Cola is a terrific pick, particularly for those seeking solid dividend stocks. Here is why the iconic beverage maker is a worthwhile long-term investment.</p>
<div class="lb-trans"><p>饮料专家 <strong>可口可乐</strong>(KO 1.40%) 在年初表现强劲，但自五月以来表现平平，最多也只是持平。自七月以来，股价下跌了 3%，而同期 <strong>标准普尔 500 指数</strong> 上涨了 4%。基于几个月的表现不佳而出售股票从来不是一个好主意，在这种情况下尤其如此。综合考虑，可口可乐是一个绝佳的选择，特别适合那些寻求稳定分红股票的投资者。以下是这家标志性饮料制造商为何值得长期投资的原因。</p>
</div><h2>Coca-Cola's resilient underlying business</h2>
<div class="lb-trans"><h2>可口可乐的韧性基础业务</h2>
</div><p>Coca-Cola's shares likely rose earlier this year because it was perceived as a safe option amid the threat of tariffs. The company is a well-established leader in the consumer staples sector, an industry known for its resilience during economic downturns. Furthermore, although Coca-Cola has a presence in nearly every country, it tends to manufacture products locally for each region, helping it avoid heavy import duties.</p>
<div class="lb-trans"><p>可口可乐的股价在今年早些时候可能上涨，因为它被视为在关税威胁下的安全选择。该公司是消费品行业的知名领导者，这个行业在经济衰退期间以其韧性而闻名。此外，尽管可口可乐几乎在每个国家都有业务，但它倾向于为每个地区本地生产产品，从而帮助其避免高额的进口关税。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyMTEvcGVyc29uLWRyaW5raW5nLWJvdHRsZWQtZHJpbmstd2l0aC1hLXN0cmF3LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F829211%2Fperson-drinking-bottled-drink-with-a-straw.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>That said, Coca-Cola's financial results haven't been particularly strong this year. In the second quarter, the company's net revenue increased by just 1% year over year to $12.5 billion. Coca-Cola's non-GAAP (generally accepted accounting principles) net earnings per share grew by 4% year over year to $0.87. Still, Coca-Cola continues to exhibit qualities that make it an excellent long-term investment. One of them is innovation. Coca-Cola has consistently updated its product lineup to cater to shifting consumer preferences.</p>
<div class="lb-trans"><p>尽管如此，可口可乐的财务业绩在今年并不特别强劲。在第二季度，该公司的净收入同比仅增长 1%，达到 125 亿美元。可口可乐的非公认会计原则（non-GAAP）每股净收益同比增长 4%，达到 0.87 美元。尽管如此，可口可乐仍展现出使其成为优秀长期投资的特质。其中之一就是创新。可口可乐始终在更新其产品线，以迎合不断变化的消费者偏好。</p>
</div><p>The company's CEO, James Quincey, explained the importance of this during Coca-Cola's second-quarter earnings conference call: &#34;I think the industry, given its size, its attractiveness and its growth potential, we're always looking for opportunities to innovate and see whether there's an intersection of new ideas and where consumer preferences are evolving toward, remembering that actually most innovations don't work in the long-run.&#34;</p>
<div class="lb-trans"><p>该公司的首席执行官詹姆斯·昆西在可口可乐的第二季度财报电话会议上解释了这一点的重要性：“我认为，考虑到行业的规模、吸引力和增长潜力，我们始终在寻找创新的机会，看看是否有新的想法与消费者偏好的演变交汇，记住实际上大多数创新在长期内并不奏效。”</p>
</div><p>The company launched Sprite + Tea during the second quarter, a new product that gained popularity on social media. Coca-Cola plans to introduce a cane sugar-flavored Coke product this fall. The company has created Coke products with added dietary fiber in Japan and plans to continue exploring fiber-enhanced options.</p>
<div class="lb-trans"><p>该公司在第二季度推出了 Sprite + Tea，这是一款在社交媒体上获得人气的新产品。可口可乐计划在今年秋季推出一款甘蔗糖口味的可乐产品。该公司在日本推出了添加膳食纤维的可乐产品，并计划继续探索增强纤维的选项。</p>
</div><p>Coca-Cola's lineup is constantly evolving. The company boasts products across almost every major beverage category. Coca-Cola also has the means to acquire up-and-coming brands and bring them into its ecosystem. Another great thing is that, thanks to its incredibly strong brand, a few highly popular products can have a significant impact on the company's results. Coca-Cola's name recognition also guarantees it a spot on grocery store shelves, something that isn't easy for newcomers in this highly competitive market.</p>
<div class="lb-trans"><p>可口可乐的产品线不断演变。该公司在几乎所有主要饮料类别中都有产品。可口可乐还具备收购新兴品牌并将其纳入其生态系统的能力。另一个好处是，得益于其极强的品牌影响力，几款非常受欢迎的产品可以对公司的业绩产生重大影响。可口可乐的品牌知名度也确保了它在杂货店货架上的位置，这在竞争激烈的市场中对新进入者来说并不容易。</p>
</div><p>Coca-Cola may not blow the market out of the water every single quarter, but it generates consistent revenue and profits, routinely launches new products to expand its reach, has a moat thanks to its brand name, and can navigate challenging market conditions. That makes the stock highly attractive to long-term investors.</p>
<div class="lb-trans"><p>可口可乐可能并不会在每个季度都超越市场，但它能够持续产生收入和利润，定期推出新产品以扩大市场覆盖面，凭借其品牌名称拥有护城河，并能够应对挑战性的市场环境。这使得该股票对长期投资者极具吸引力。</p>
</div><h2>A rare dividend track record</h2>
<div class="lb-trans"><h2>稀有的分红记录</h2>
</div><p>Coca-Cola hasn't just been successful for a while. The company has also been paying -- and growing -- its dividend for a long time. Coca-Cola has achieved a streak of 63 consecutive years of dividend payout increases, earning it the title of Dividend King. This period encompasses numerous recessions, several wars, presidential administrations, regulatory changes, and significant shifts in consumer preferences. Coca-Cola's ability to continue rewarding shareholders with payout hikes through all this speaks volumes about the business.</p>
<div class="lb-trans"><p>可口可乐不仅在一段时间内取得了成功。该公司还长期以来一直在支付并增加其分红。可口可乐实现了连续 63 年的分红增长，获得了 “分红之王” 的称号。这一时期经历了多次经济衰退、几场战争、多个总统任期、监管变化以及消费者偏好的重大转变。可口可乐在这一切中继续奖励股东的能力充分证明了其业务的稳健。</p>
</div><p>The company's forward yield tops 2.9%, higher than the S&amp;P 500's average of 1.3%. Is Coca-Cola's dividend sustainable? The company's payout ratio of 70.6% looks high. But in my view, it's nothing to worry about. A lot would have to go wrong for Coca-Cola to interrupt its long track record of dividend increases and have to start from scratch to maybe join the ranks of Dividend Kings again in another 50 years. Even during the pandemic, when foot traffic in stores decreased and the company's revenue and earnings fell significantly, Coca-Cola continued to grow its payouts.</p>
<div class="lb-trans"><p>该公司的前瞻性收益率超过 2.9%，高于标准普尔 500 指数的平均水平 1.3%。可口可乐的分红是否可持续？该公司的分红支付比率为 70.6%，看起来较高。但在我看来，这并不值得担忧。可口可乐需要经历很多不利因素，才能打断其长期的分红增长记录，并可能需要从头开始，才能在未来 50 年内再次加入分红之王的行列。即使在疫情期间，当商店的客流量减少，公司收入和收益大幅下降时，可口可乐仍继续增加其分红。</p>
</div><p>The dividend is safe. The stock is an excellent choice for long-term, dividend-oriented investors to include in their portfolios.</p>
<div class="lb-trans"><p>分红是安全的。这只股票是长期以分红为导向的投资者在其投资组合中包含的绝佳选择。</p>
</div>

1 Magnificent S&P 500 Dividend Stock Down 4% to Buy and Hold Forever

- 可口可乐在今年初表现强劲，但自五月以来表现平平。  
- 第二季度净收入同比仅增长 1%，但公司持续创新以适应消费者偏好。  
- 可口可乐已连续 63 年提高股息，适合长期投资者。  

一只表现卓越的标普 500 股息股票下跌 4%，值得长期买入和持有