Looking to supplement your income with The Coca-Cola Company (NYSE:KO) dividends? Aiming for $500 monthly? Here’s how much you need to invest.
Coca-Cola's Financial Snapshot
As of Jan 18, Coca-Cola's shares were trading at $59.70. The company, with a market cap of $258 billion experienced a 52-week range between $64.99 and $51.55.
Analyzing Coca-Cola's Dividend Payouts
During the third quarter of 2023, Coca-Cola announced a dividend of $0.46 per share, a slight increase from $0.44 in the same period of 2022. The total dividends paid from January to September 2023 were $1.38, compared to $1.32 in the previous year
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Investment Calculations for Desired Dividend Earnings
To consistently earn $500 per month from dividends, you’ll need to invest around $193,548 based on Coca-Cola's current dividend yield of 3.1%. This calculation is derived from dividing your annual dividend goal ($6,000) by the yield percentage. For a smaller goal of $200 monthly, the investment would be around $77,419.