On 6/14/24, Coca-Cola, Altria Group, and Meta Platforms will all trade ex-dividend for their respective upcoming dividends. Coca-Cola will pay its quarterly dividend of $0.485 on 7/1/24, Altria Group will pay its quarterly dividend of $0.98 on 7/10/24, and Meta Platforms will pay its quarterly dividend of $0.50 on 6/26/24.
Start slideshow: 10 Stocks Where Yields Got More Juicy »
As a percentage of KO’s recent stock price of $63.55, this dividend works out to approximately 0.76%, so look for shares of Coca-Cola Co to trade 0.76% lower — all else being equal — when KO shares open for trading on 6/14/24. Similarly, investors should look for MO to open 2.11% lower in price and for META to open 0.10% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite “Dividend Aristocrats” index. Altria Group Inc (NYSE:MO) is a “future dividend aristocrats contender,” with 16+ years of increases.
Below are dividend history charts for KO, MO, and META, showing historical dividends prior to the most recent ones declared.
Coca-Cola:
Altria Group:
Meta Platforms:
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.05% for Coca-Cola, 8.45% for Altria Group, and 0.39% for Meta Platforms.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Wednesday trading, Coca-Cola shares are currently off about 0.1%, Altria Group shares are off about 0.2%, and Meta Platforms shares are up about 1% on the day. See other Top Dividends
Read the full article here
