The Coca-Cola Company (NYSE: EAST) is expected to release its fourth quarter results, before opening bell on February 13, 2024.
Analysts expect the Atlanta-based company to report quarterly earnings of 49 cents per share, up from earnings of 45 cents per share a year ago. Coca-Cola is expected to report quarterly revenue of $10.68 billion, up from $10.2 billion in the previous quarter, according to data from BenzingaPro.
Barclays analyst Lauren Lieberman last month kept Coca-Cola overweight and raised the price target to $66 from $60.
Coca-Cola India, a subsidiary of global beverage giant Coca-Cola Company, recently said it is entering India’s booming ready-to-drink tea market with the introduction of ‘Honest Tea’ – a subsidiary of Coca-Cola.
With the recent buzz around Coca-Cola, some investors may be looking at potential gains from the company’s dividends. Currently, the soft drink giant has a dividend yield of 3.09%, or a quarterly dividend of 46 cents per share ($1.84 per year).
To learn how to make $500 per month from Coca-Cola dividends, we start with the annual goal of $6,000 ($500 x 12 months).
Then we take that amount and divide it by Coca-Cola’s dividend of $1.84: $6,000 / $1.84 = 3,261 shares.
So, an investor would need to own approximately $194,225 of Coca-Cola, or 3,261 shares, to generate monthly dividend income of $500.
Assuming a more conservative goal of $100 per month ($1,200 per year), we do the same calculation: $1,200 / $3.92 = 652 shares, or $38,833 to generate monthly dividend income of 100 $.
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Note that the dividend yield can change continuously, as the dividend payment and stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payout by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price drops to $40, the dividend yield would increase to 5% ($2/$40).
Additionally, the dividend payout itself may also change over time, which may also impact the dividend yield. If a company increases its dividend payout, the dividend yield will increase even if the stock price stays the same. Likewise, if a company decreases its dividend payout, the dividend yield will decrease.
KO Price Action: Coca-Cola shares fell 0.5% to close at $59.56 on Friday.
Read more: Passive income investments are one of the most reliable methods for weathering a recession, so it’s no surprise that people are turning to high-yield real estate notes that pay a fixed rate of 7.5% to 9%.
Image: Pixabay
Latest ratings for KO
Date | Farm | Action | From | HAS |
|---|---|---|---|---|
February 2022 | German Bank | Maintains | Socket | |
February 2022 | Morgan Stanley | Maintains | Overweight | |
February 2022 | Morgan Stanley | Maintains | Overweight |
View more analyst ratings for KO
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This item How to Make $500 a Month From Coca-Cola Stock Ahead of Q4 Print originally appeared on Benzinga.com
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