Analysts expect the beverage company to report quarterly earnings of 84 cents per share, compared to 84 cents per share in the year-ago period. Coca-Cola projects to report quarterly revenue of $12.55 billion, compared to $12.31 billion a year earlier, according to data from Benzinga Pro.
On July 18, Coca-Cola named Luisa Ortega as president of the Europe operating unit effective Sept. 1, succeeding Nikos Koumettis, who will retire in 2026.
With the recent buzz around Coca-Cola, some investors may be eyeing potential gains from the company's dividends. As of now, Coca-Cola offers an annual dividend yield of 2.92%. That’s a semi-annual dividend amount of 51 cents per share ($2.04 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $205,429 or around 2,941 shares. For a more modest $100 per month or $1,200 per year, you would need $41,072 or around 588 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.04 in this case). So, $6,000 / $2.04 = 2,941 ($500 per month), and $1,200 / $2.04 = 588 shares ($100 per month).
Note that dividend yield can change on a rolling basis; the dividend payment and the stock price fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
KO Price Action: Shares of Coca-Cola fell 1.1% to close at $69.85 on Friday.
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