10 Companies that Just Raised their Dividends

4. 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) has grabbed investors’ attention because of its strong cash generation and solid dividend history. The company maintains a strong global footprint, with its well-known products available in 200 countries. Its flagship brand is among the most recognizable worldwide, attracting a loyal customer base willing to pay a premium. Since the beginning of 2025, the stock has climbed nearly 17%, outperforming the broader market.

In the fourth quarter of 2024, The Coca-Cola Company (NYSE:KO) reported $11.5 billion in revenue, marking a 6.5% increase from the previous year. Organic revenue grew by 14%, driven by a 9% rise in price/mix and a 5% increase in concentrate sales. Throughout the year, Coca-Cola continued expanding its market share across its beverage portfolio, with Coca-Cola Zero Sugar experiencing significant growth as unit volume rose 13% during the quarter. The company’s innovative marketing efforts have been instrumental in its success, contributing to roughly $40 billion in retail sales growth for its flagship brand over the past three years.

On February 20, The Coca-Cola Company (NYSE:KO) declared a 5.2% hike in its quarterly dividend to $0.51 per share. This was the company’s 63rd consecutive year of dividend growth. The company sustained its dividend growth by maintaining a solid cash flow position in the latest quarter, generating $2.9 billion from operations and $1.6 billion in free cash flow. Additionally, it reported a robust adjusted operating margin of 30.7%, highlighting its strong profitability. The stock supports a dividend yield of 2.93%, as of March 6.