The Coca-Cola Company (NYSE: KO) stock & dividend analysis
Coca-Cola (Ticker – NYSE: KO) has been a foundational dividend stock within the SIPP since 2016. The Coca-Cola Company has been established for well over 130 years and is a well run business. Some people or investors refer to it a marketing machines as it has over 200 brands and is sold in over 200 countries around the world. We could even argue the diversification case again here, as it has a global footprint and diversified revenue streams on every continent.
Initial research back in 2014 showed that one of the world’s most famous investors Mr Warren Buffett held shares in The Coca-Cola Company, within the Berkshire Hathaway empire. At the time of checking this webpage (21/04/26) they still do hold shares. Coca-Cola is a popular stock among many institutional and mutual fund managers and we are extremely pleased that we added the shares to our portfolio some ten years ago.
What formed part of our research, together with what we liked about Coca-Cola also made KO part of our investment thesis. Here are some of the key investment questioned we asked:
1, Coca-Cola is one of the most recognisable brands in the world and is also one of the largest non-alcoholic beverage businesses globally.
2, The group offers over 200 brands like Fanta, Sprite, Schweppes, not forgetting the obvious, plus other sparkling soft drinks within their portfolio of brands.
3, There have been enhanced offerings to include tea & coffee. Investments in Honest Tea & Costa was a shroud move gaining a global footprint in the hot beverage markets.
4, Healthy options are also available within the portfolio of brands, offering other diversified ways from the high sugar fizzy drinks business. Offerings in water and Nutritional categories like: Vitamin Water, Dansai, Powerade, Simply Jucies, Innocent Smoothies.
5, Coca-Cola is classed as a dividend King paying out a regular income stream for over 50 years.
The Coca-Cola Company (KO) 5 year share price History and Target Buy Range
Coca-Cola’s average share price over the last five years (03/05/2020 to 28/04/2025) has fluctuated between:
At the lowest point at the start of the pandemic in March 2022 the stock hit a low of $37.51.
To the highest point of $73.42 on the 20/04/2025.
Using our own methods of valuing stocks by using various metrics over a five year period and utilising any market pull back, today’s target buying price would sit between a range of $40 to $45 dollars.
Coca-Cola dividend History, Yield & and payout Sustainability
The Coca-Cola Company stock is classed as a dividend king as it has paid a growing dividend for over 50 years. In fact Coca-Cola has been paying and increasing its dividend for over 60 years.
Dividends are distributed quarterly and usually paid in the months of April, July, October and December.
Payments are made in US dollars so income will fluctuate depending on the strength of the currency vs. US dollar. This is evident in the slight fluctuations shown in the file below.
Coca-Cola’s Q4 dividend has been announced at $0.51 cents or $2.04 annually (Going ex-dividend on 01/12/25).
The Coca-Cola 10 Year Dividend History
For research purposes, we have listed the last twelve years of annual dividends below:
2025 $2.04
2024 $1.94
2023 $1.84
2022 $1.76
2021 $1.68
2020 $1.64
2019 $1.60
2018 $1.56
2017 $1.48
2016 $1.40
2015 $1.32
2014 $1.22
Current Dividend Yield and valuation Metrics for (KO)
P/E: 26.29 (01/10/2026)
Forward P/E: 27.63 (01/10/2026)
Dividend Yield 2.26% (01/10/2026)
Total income received over nine and a half years or thirty eight quarters is £1,310.63p
We have added a little extra insight into how the annualised payments have increased year over year by providing a column titled “Average Price per Year” on the right hand side of the data sheet. This additional column demonstrates an average for each year. This is an international holding for United Kingdom investors therefore it is subject to currency fluctuations which is evident here in the differences between the payments.
Further income analysis can be seen in the file below:
Portfolio Performance: Return On 100 (KO) Shares Over 9.5 Years
Soft Drink Competitors
Other companies or should we say manufacturers operating within this category of soft beverages which many of us like to indulge in from time to time, have some formidable brands that consumers return again and again to quench their thirst. This repeat business and the volumes that are generated bring in tidy profits for these businesses and some like Coca-Cola have also been paying dividends for years.
The likes of Pepsi (PEP:NASDAQ) whom have both snacks and drinks within their portfolio pay higher dividends due to the shear size and scale of their joint food and drink operations. Pepsi has the best tasting cola alternative by far!
Then there are the energy drinks suppliers like: Monster Beverage Corp (MNST:NASDAQ) and Celsius Holdings Inc (CELH:NASDAQ). Redbull is a private company and is therefore not available to individual investors.
Smaller alternative of soft drink manufacturers like:
Keurig Dr Pepper Inc (KDP:NASDAQ),
A.G.Barr ((BAR (A.G.)) best known for Iron Bru, Tizer & Rubicon,
Nichols PLC (NICL) have brands like: Vimto, Slush Puppies & Sunkist,
Water or bottled water alternatives are Nestle with brands like Buxton, Vittel, St Pellegrino, Perrier, Aqua Panna & Nestle Pure Life.
One final business that houses two famous water brands that has serious global recognition is parent company Danone (BN) that bottles and sells Evian & Volvic.
All these businesses have well established global presences and loyal customers, what’s more important though is the re-occurring revenues and profits to boot.
Important Disclaimer:
The content on this website is published solely for educational, research, and informational purposes and reflects personal opinion and portfolio tracking. It does not constitute personal financial, investment, or tax advice, nor is it an offer or solicitation to buy or sell any security.
The value of investments and the income derived from them can fall as well as rise, and you may not recover the full amount originally invested. Past performance and dividend yields are not reliable indicators of future results.
If you are uncertain about the suitability of any investment mentioned, please consult an independent financial adviser authorised and regulated by the Financial Conduct Authority (FCA).
