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Dividend stocks to consider now: Coca‑Cola and Target.
Summary
Coca‑Cola and Target are highlighted as steady dividend stocks amid a volatile market year. Coca‑Cola raised its quarterly dividend to $0.51 and has a 63‑year streak; Target is undergoing a CEO change on Feb. 1.
Content
This year was volatile for the stock market. The S&P 500 fell in March and April and was up 17.9% through Dec. 24. The article reports that dividend‑paying companies can provide a steadier source of return through payouts. Two companies are highlighted for their dividend records: Coca‑Cola and Target.
What was reported:
- The S&P 500 dipped in March and April but gained 17.9% through Dec. 24.
- Coca‑Cola sells beverages across more than 200 countries and is highlighted for its long dividend history.
- Coca‑Cola increased its quarterly dividend to $0.51, marking 63 consecutive years of increases, and the stock carries about a 2.9% yield.
- Target has experienced sluggish sales and will appoint Michael Fiddelke as CEO on Feb. 1, with plans to invest in stores and merchandise.
Summary:
Coca‑Cola's long record of dividend increases and its recent payout rise are cited as stabilizing features. Target is noted for operational challenges and a leadership change that the piece says could support a turnaround. Undetermined at this time.
