Coca-Cola Becomes Defensive Play Amid Market Volatility

Coca-Cola (NYSE:KO) has emerged as a defensive play in the markets near record highs, thanks to its global beverage portfolio and long tradition of rising cash distributions.

The company's dividend-raise streak spans many decades, making it one of the elite payers whose cash distributions have climbed steadily through recessions, market shocks, and shifting rate environments.

Coca-Cola's broadened portfolio beyond a single drink has also made it more resilient to changing tastes. The company markets sparkling soft drinks, bottled water, sports and energy beverages, juices, teas, and coffees across nearly every country.