The Coca-Cola Company (KO) will likely hike its annual dividend to at least $1.92 per share. That puts KO stock on a 3.23% yield and highlights its powerful free cash flow (FCF). Based on this FCF and its stable FCF margins, KO stock looks to be worth at least $67 per share, an upside of 13%.
In the past 4 quarters, Coca-Cola has paid out 46 cents per share per quarter in dividends, or $1.84 annually. That was up 2 cents per quarter from the prior year when it paid out 44 cents, or +4.55%.
