If You Had Invested $100k in KO Stock (Coca-Cola) on Feb 2019, What Would Your Dividends Be Worth Today?

John Smith

On February 1, 2019, KO stock (Coca-Cola) was trading at $48.70 per share. If you put $100,000 in that stock, it would be worth $122,790 on January 31, 2024, when the stock price closed at $59.49. Not only that, but over the last 5 years you would have earned $18,680 in dividends.

Taking into account the rise in share value and earnings paid, the $100,000 you put into 2,052 shares is now worth $141,470, which is a 7.2% annualized return over the 5 years.

Coca-Cola (KO Stock) has always been known for paying dividends on time, and the last 5 years have been no different. The dividend has been raised by the company for 58 years in a row, making it a Dividend King with one of the longest streaks of yearly dividend increases.

KO Stock has raised its quarterly payment per share from $0.40 to $0.46 over the course of the five-year investment period. This is a 14% increase in total growth or 4.55% annualized. Along with the stock’s capital growth, this steady dividend growth has created a stream of rising income.

KO Stock Divident Charts

Coke paid $1.60 in payments per share in 2019, the year the initial investment was made. After a few years, in 2023, the dividend was $1.84 per share. This means that the value of the 2,052 shares bought with the $100,000 investment will go up from $3,283 in 2019 to $3,776 in 2023.

Over the years, Coca-Cola has raised its bonus every year, and it can do so again in the years to come. That is, only 74.2% of its gains were paid out as dividends in 2022, which is a very low percentage. Most of the time, a payout ratio below 80% is good for a stable consumer staples company like Coca-Cola.

The company also has a lot of free cash flow, which helps pay the bonus. Coca-Cola (KO Stock) had $9.6 billion in free cash flow in 2022, which means that 65% of its free cash flow was paid out as dividends.

So, an investor who bought this stock five years ago would have made a nice annual yield of about three percent. Now, thanks to the dividend increases, that yield on cost has gone up to 3% by 2024.

KO Stock Dividend Growth (YoY)

Overall, Coca-Cola (KO Stock) has been a good investment over the last 5 years. Its rising income and steady share price gains have given investors a respectable 7%+ annual return during one of the best times ever for the S&P 500.

Even better would have been for an investor who put those profits back into the business along the way.

Even though it wasn’t the most exciting purchase, Coca-Cola won in the end. The company has strong brands, long-lasting competitive benefits, and a promise to return cash to shareholders. The next 5 years also look good.

The Coca-Cola Company Dividend Information

  • Dividend Yield: 3.09%
  • Annual Dividend: $1.84
  • Ex-Dividend Date: Nov 30, 2023
  • Payout Frequency: Quarterly
  • Payout Ratio: 74.19%
  • Dividend Growth: 4.55%

Dividend History of Last 5 Years

Ex-Dividend DateCash AmountRecord DatePay Date
Nov 30, 2023$0.460Dec 1, 2023Dec 15, 2023
Sep 14, 2023$0.460Sep 15, 2023Oct 2, 2023
Jun 15, 2023$0.460Jun 16, 2023Jul 3, 2023
Mar 16, 2023$0.460Mar 17, 2023Apr 3, 2023
Nov 30, 2022$0.440Dec 1, 2022Dec 15, 2022
Sep 15, 2022$0.440Sep 16, 2022Oct 3, 2022
Jun 14, 2022$0.440Jun 15, 2022Jul 1, 2022
Mar 14, 2022$0.440Mar 15, 2022Apr 1, 2022
Nov 30, 2021$0.420Dec 1, 2021Dec 15, 2021
Sep 14, 2021$0.420Sep 15, 2021Oct 1, 2021
Jun 14, 2021$0.420Jun 15, 2021Jul 1, 2021
Mar 12, 2021$0.420Mar 15, 2021Apr 1, 2021
Nov 30, 2020$0.410Dec 1, 2020Dec 15, 2020
Sep 14, 2020$0.410Sep 15, 2020Oct 1, 2020
Jun 12, 2020$0.410Jun 15, 2020Jul 1, 2020
Mar 13, 2020$0.410Mar 16, 2020Apr 1, 2020
Nov 29, 2019$0.400Dec 2, 2019Dec 16, 2019
Sep 13, 2019$0.400Sep 16, 2019Oct 1, 2019
Jun 13, 2019$0.400Jun 14, 2019Jul 1, 2019
Mar 14, 2019$0.400Mar 15, 2019Apr 1, 2019
Nov 29, 2018$0.390Nov 30, 2018Dec 14, 2018

Income Statement (Annual)

Financials in millions USD. Fiscal year is January – December

Revenue Growth (YoY)11.25%17.09%-11.41%8.65%-5.28%
Cost of Revenue18,00015,35713,43314,61913,067
Gross Profit25,00423,29819,58122,64721,233
Selling, General & Admin12,88012,1449,73112,10311,002
Other Operating Expenses1,2158468534581,079
Operating Expenses14,09512,99010,58412,56112,081
Operating Income10,90910,3088,99710,0869,152
Interest Expense / Income8821,5971,437946950
Other Expense / Income-1,630-3,681-2,168-1,58119
Pretax Income11,65712,3929,72810,7218,183
Income Tax2,1152,6211,9811,8011,749
Net Income9,5429,7717,7478,9206,434
Net Income Growth-2.34%26.13%-13.15%38.64%415.54%
Shares Outstanding (Basic)4,3284,3154,2954,2764,259
Shares Outstanding (Diluted)4,3504,3404,3234,3144,299
Shares Change0.23%0.39%0.21%0.35%-0.58%
EPS (Basic)
EPS (Diluted)
EPS Growth-2.67%25.70%-13.53%38.00%417.24%
Free Cash Flow9,60911,3668,8569,3956,327
Free Cash Flow Per Share2.222.632.062.201.49
Dividend Per Share1.7601.6801.6401.6001.560
Dividend Growth4.76%2.44%2.50%2.56%5.41%
Gross Margin58.14%60.27%59.31%60.77%61.90%
Operating Margin25.37%26.67%27.25%27.06%26.68%
Profit Margin22.19%25.28%23.47%23.94%18.76%
Free Cash Flow Margin22.34%29.40%26.82%25.21%18.45%
Effective Tax Rate18.14%21.15%20.36%16.80%21.37%
EBITDA Margin32.09%39.95%38.47%34.97%29.79%
Depreciation & Amortization1,2601,4521,5361,3651,086
EBIT Margin29.16%36.19%33.82%31.31%26.63%
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John Smith is a veteran stock trader with over 10 years of experience in the financial markets. He is a widely followed market commentator known for his astute analysis and accurate predictions. John has authored multiple bestselling books explaining complex market concepts in simple terms for novice investors looking to grow their wealth through strategic trading and long-term investments.
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