Coca-Cola Europacific Partners' Dividend Yield Quadruples Nasdaq-100

Coca-Cola Europacific Partners is a large independent bottler of Coca-Cola products and has been in the midst of a pullback, which may be a buying opportunity for investors.

The company's dividend yield is around 2%, making it more than quadruple that of the Nasdaq-100 index. While not high-yielding, this stock has potential to become a solid dividend growth story.

Coca-Cola Europacific Partners has been paying dividends for over a decade and has tangible signs of growth. Its dividend payout ratio is around 34%, implying there's room for growth and the dividend isn't a burden.

The company is also a dedicated buyer of its own shares, which lifts earnings per share (EPS) while decreasing the number of shares on which dividends must be paid.