How To Earn $500 A Month From Coca-Cola Stock After Better-Than-Expected Earnings
Portfolio Pulse from Lisa Levin
Coca-Cola (NYSE:KO) reported better-than-expected Q3 FY23 results, with sales growth of 8% YoY to $11.95 billion, beating the analyst consensus estimate of $11.44 billion. The company also raised its FY23 organic revenue growth outlook from 8%-9% to 10%-11%. Coca-Cola's dividend yield is currently 3.31%, which equates to a quarterly dividend of 46 cents a share. To earn $500 monthly from Coca-Cola dividends, an investor would need to own approximately $181,442 worth of Coca-Cola, or 3,261 shares.
October 25, 2023 | 12:01 pm
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POSITIVE IMPACT
Coca-Cola's better-than-expected Q3 results and raised FY23 outlook could boost investor confidence and potentially drive the stock price up in the short term. The company's attractive dividend yield could also appeal to income-focused investors.
Coca-Cola's strong Q3 results and raised FY23 outlook indicate solid performance and positive future expectations, which could boost investor sentiment and drive the stock price up. The company's dividend yield of 3.31% is also attractive for income-focused investors, potentially leading to increased demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100