Rising macroeconomic headwinds and geopolitical tensions have investors on edge lately, and stocks have struggled as a result. In environments like this one, passive-income stocks that provide a consistent income stream can serve as a safe haven. And what's better than “Dividend Kings”? These are an elite group of S&P 500 Index ($SPX) companies that have increased their dividends for at least 50 consecutive years.
Among this group, beverage giant Coca-Cola (KO) has paid and hiked its dividends consistently over the last 61 years, reflecting the stability of its operations. Concerns about rising inflation affecting consumer spending appear to have had little impact on Coca-Cola's business. Despite high prices, it just reported another quarter of robust growth in revenue and profits.
