The share price of Coca-Cola Co. (NYSE:KO) at the close of extended trading hours on December 13 was $59.93. Year to date, the stock has experienced a decline of around 4.8% in value, and its present market capitalization stands at $258.8 billion. The price range over the past 52 weeks was $51.55 to $64.99.
3.14% is the dividend yield of the American beverage corporation. Dividends of $0.46 per share were declared by the company’s board in October and are due on December 15. The company disclosed dividend expenses amounting to $4.078 billion for the nine-month period concluding September 29 in its 10-Q filing. The current period’s dividend expenses are $168 million higher than the corresponding period last year.
How Does One Acquire $1,000 Monthly As An Coca-Cola Investor?
To achieve a yearly return of $12,000 from Coca-Cola Co. dividends, an investment of approximately $382,166 is required. At $59.93 per share, this corresponds to approximately 6,377 shares in portfolio. Nevertheless, by decreasing the monthly objective to $200, the investment value plummets to $76,433, equivalent to 1,276 shares.
You can approximate the value of your investment using some elementary calculations. The estimation can be calculated by utilizing two crucial factors: the intended monthly income of $2,400 or $12,000 and the dividend yield of Coca-Cola Co., which stands at 3.14%.
Your monthly investment to earn $1,000 is approximately $382,166 ($12,000 divided by 0.0314), or $76,433 ($2,400 divided by 0.0314) if you choose a monthly income of $200.
Crucial to the estimation of investment value is the fact that the dividend yield of a company may fluctuate over time. The observed variation can be ascribed to the continuous dividend payments and the fluctuation in stock prices. The aforementioned calculations do not account for the appreciation or depreciation of Coca-Cola stock. Under the assumption that neither capital appreciation nor price fluctuations influence the calculations, there exists a positive correlation between the dividend value and its yield.
