Coca-Cola (NYSE: KO) remains a key investment for Berkshire Hathaway, generating significant returns amid market challenges. The company will distribute $2.12 per share in dividends in 2023, making it a “Dividend King” for increasing payouts for 64 consecutive years. Berkshire’s investment of about $1.3 billion for 400 million shares between 1988 and 1994 is yielding an estimated $848 million this year, translating to a remarkable 65% dividend yield.
Under the leadership of Greg Abel, who succeeded Warren Buffett, Berkshire has sold other consumer stock holdings but is unlikely to relinquish Coca-Cola. While the stock has underperformed the S&P 500 over the last decade, it has demonstrated resilience, outperforming the index in the past year thanks to strong pricing strategies and a diversification into healthier beverage options.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
