10 Best Long-Term Dividend Stocks to Buy According to Billionaires

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

Number of Billionaire Holders: 16

Warren Buffett’s favorite, The Coca-Cola Company (NYSE:KO) is a multinational beverage company. It faces challenges today, particularly the growing consumer preference for healthier options. However, if history is any indication, the company will adapt its products to meet these changing demands. This is a necessary step for any successful company in the consumer staples sector to stay relevant in the long run. Coca-Cola has been one of the most prominent and influential companies in this industry for decades. The stock is generating strong returns this year, surging by over 16% since the start of 2025.

The Coca-Cola Company (NYSE:KO) has consistently maintained a strong cash position. In FY24, the company generated $6.8 billion in operating cash flow, with free cash flow totaling $4.7 billion. It has a rich and successful history, with many notable achievements. One of the most impressive is Coca-Cola’s recognition as a Dividend King. It has raised its dividend every year for 63 straight years, a feat that demonstrates a robust business model that performs well in both strong and challenging markets. It currently pays a quarterly dividend of $0.51 per share and has a dividend yield of 2.84%, as of April 27.

The Coca-Cola Company (NYSE:KO) was a part of 16 billionaire portfolios at the end of Q4 2024. The consolidated value of stakes owned by these billionaires is over $27.5 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q4, owning 400 million KO shares.