7 Dividend Stocks That Show Why Cash Is King - 3 of 7

Next on this list of dividend stocks to own for the long haul is The Coca-Cola Company (NYSE: KO). Coca-Cola is the world’s largest beverage company, with over 500 brands that give it mass appeal to a variety of consumers. It also holds a minority stake in Monster Beverage Corp. (NASDAQ: MNST).  

The dividend king is a favorite of Warren Buffett and for good reason. The company has increased its dividend for 62 consecutive years, and that’s backed up by a solid 4.9% annualized growth rate over the past three years. 

And despite a Coca-Cola’s considerable size, it continues to generate sizable FCF. For the full year 2024, the company generated $6.8 billion in FCF, and that includes a $6 billion deposit the company made to the IRS related to ongoing tax litigation. Excluding that, the company’s FCF came in at $10.8 billion which was over $1 billion higher than the $9.7 billion in FCF it managed in 2023.