Earlier this week I purchased shares of the soft drink giant Coca-Cola (KO). This is my first position in the stock and I managed to purchase 32 shares
at $38.00 which is about a little over a dollar away from a 1 year low. The stock
has been under some selling pressure along with much of the overall
market recently and I thought it was a great time to take advantage of
that. I try not to buy stocks which have a P/E ratio over 20 and Coke is right there. However it's forward P/E is around 15.5 which isn't too bad especially when looking at Coke's historic P/E ratio. At this price the yield was a solid 3% and Coke is due for another dividend raise next quarter as well!
The Coca-Cola Company (KO), a beverage company, engages in the
manufacture, marketing, and sale of nonalcoholic beverages worldwide.
This dividend king has raised dividends for over 50 years in a row.
KO Basic Statistics
- Ticker Symbol: KO
- PE Ratio: 20
- Yield: 3%
- Dividend Growth 10yr: 9.8%
- Payout Ratio: 57%
- Market cap: $170 B
- Website: http://www.cocacola.com
