10 Best Income Stocks to Invest in Now

8. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 81

An American multinational beverage company and Warren Buffett’s favorite, The Coca-Cola Company (NYSE:KO) ranks eighth on our list of the best dividend stocks for income portfolios. The company recently announced its earnings for the first quarter of 2025 and posted revenue of $11.22 billion, which, though, fell slightly by 0.13% YoY, beat analysts’ estimates by$58.05 million. Its EPS came in at $0.73, which also surpassed the consensus by $0.01.

In its earnings report, The Coca-Cola Company (NYSE:KO) noted that although certain developed markets experienced headwinds, its broad international presence enabled it to effectively manage a challenging external landscape. Management emphasized that by staying aligned with its mission and maintaining a strong connection to consumers, the company remains confident in its capacity to generate sustainable long-term value. In addition, it reported an increase in value share within the total nonalcoholic ready-to-drink (NARTD) beverage category.

On May 1, The Coca-Cola Company (NYSE:KO) declared a quarterly dividend of $0.51 per share, which was in line with its previous dividend. Overall, the company has been rewarding shareholders with growing dividends for the past 63 years, which makes it a Dividend King. As of May 9, the stock has a dividend yield of 2.89%.