Coca-Cola's 64-Year Dividend Streak Yields Over $241 Per Year in Income

Coca-Cola's impressive 64-year streak of dividend growth has earned it a spot among Dividend Kings, a group of elite companies that have consistently raised their payouts annually for at least half a century.

The company currently pays a quarterly dividend of $0.53 per share, translating to an annualized yield of 2.41%, more than double the average yield offered by the S&P 500 index.

A $10,000 investment in Coca-Cola would purchase approximately 114 shares, locking in an income stream of around $241 per year.

The power of patient capital is exemplified by Warren Buffett's Berkshire Hathaway, which has held Coca-Cola shares since 1994 and has seen its stake balloon to a market value of roughly $35 billion.

Berkshire collects over $840 million in annualized dividends from its Coca-Cola holding alone, representing a yield on the original investment that would make any income investor envious.