How much would it cost to make $100 a month from Coca-Cola stock?
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The Coca-Cola Company (NYSE:KO) is a beverage company that produces, markets and sells a variety of non-alcoholic beverages worldwide.
It will report its fourth-quarter 2024 earnings on February 11, 2025. Wall Street analysts expect the company to post earnings per share of $0.54, compared to $0.49 in the same period a year ago. According to data from Benzinga Pro, quarterly revenue is expected to reach $10.80 billion, down slightly from $10.85 billion in the same period a year ago.
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Coca-Cola’s 52-week price range was $57.47 to $73.53.
Coca-Cola’s dividend yield is 3.01%. Over the last twelve months, the company paid $1.94 per share in dividends.
On October 23, the company reported third-quarter 2024 earnings, with revenue down 1% year-over-year to $11.9 billion. This beat the analyst consensus estimate of $11.59 billion, as reported by Benzinga.
Sales development included a 10% growth in price/mix and a 2% decline in concentrate sales. Concentrate sales lagged volume per case by 1 point, primarily due to the timing of concentrate shipments.
Adjusted earnings per share reached $0.77, beating the consensus estimate of $0.74 and rising 5% year over year. Reported earnings per share fell 7% to $0.66.
Coca-Cola forecasts organic sales growth of around 10% through 2024, up slightly from its previous guidance of 9%-10%.
Check out this article from Benzinga, which decodes Coca-Cola’s options activity.
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If you want to earn $100 a month – $1,200 a year – in Coca-Cola dividends, your investment value would need to be about $39,867, which amounts to about 619 shares at $64.43 each.
Understanding dividend yield calculations: When estimating, you need two important variables: the desired annual income ($1,200) and the dividend yield (in this case 3.01%). So $1,200 / 0.0301 = $39,867 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current share price.
The dividend yield can change over time due to fluctuating stock prices and evolving dividend payments.
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For example, suppose a stock that pays out $2 in annual dividends is worth $50. The dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in the stock price to $40 will have the opposite effect and increase the dividend yield to 5% ($2/$40).
In summary, income-oriented investors may find Coca-Cola shares attractive because they generate a stable income of $100 per month by owning 619 shares. There may be more upside potential as investors benefit from the company’s consistent dividend increases. Coca-Cola has increased its dividend consecutively for the past 62 years.
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This article How Much Would It Cost to Make $100 a Month in Coca-Cola Stock? originally appeared on Benzinga.com
