Coca-Cola's 64-Year Dividend Streak Attracts Passive Income Investors

Coca-Cola (KO) is one of the most recognizable brands globally, operating in over 200 countries and territories. Its products are consumed an astonishing 2.2 billion times every day.

The beverage giant's dividend history is impressive, with a record of raising its quarterly payout for 64 consecutive years. This achievement earns it the distinction of being a Dividend King, a title reserved for companies that have increased their dividends for at least 50 years consecutively.

Coca-Cola's strong competitive position and brand recognition contribute to its durable demand, which is less susceptible to macroeconomic fluctuations. The company generates substantial profits, allowing it to easily fund its dividend payments.

Management expects Coca-Cola to report $12.4 billion in free cash flow by 2026. To illustrate the potential for passive income from this stock, if an investor seeks $10,000 in yearly dividends, they would need to own approximately 4,717 shares of Coca-Cola. This translates to a required investment of over $414,000 at the current stock price.