10 Best Passive Income Stocks to Buy Now

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

Number of Hedge Fund Holders: 87

The Coca-Cola Company (NYSE:KO) is among the best dividend stocks for passive income. The company enjoys strong profitability, supported by a loyal global customer base and a well-organized distribution network. Its core Coca-Cola products account for most of its revenue, while the acquisition of new brands contributes to quicker sales growth. These brands are swiftly incorporated into Coca-Cola’s wide-reaching distribution system, helping to increase sales and enhance profit margins through improved efficiency.

In its recent earnings report, The Coca-Cola Company (NYSE:KO) highlighted that its performance once again reflected the strength of its all-weather strategy. While certain developed markets faced challenges, the broad global presence helped the company manage a complex external landscape. Leadership expressed confidence in the firm’s ability to generate lasting long-term value by staying aligned with its core mission and maintaining a strong connection with consumers.

The Coca-Cola Company (NYSE:KO) has been growing its dividends for 63 consecutive years, and currently, the company offers a quarterly dividend of $0.51 per share. As of July 10, the stock has a dividend yield of 2.94%, as of July 10.

While we acknowledge the potential of KO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KO and that has 100x upside potential, check out our report about this cheapest AI stock.

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