13 Best High Dividend Stocks to Buy Under $100

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

Share Price as of the Close of September 17: $67.04

The Coca-Cola Company (NYSE:KO) is an American multinational beverage leader with a broad portfolio designed to keep pace with shifting consumer preferences, such as the gradual move away from sugary sodas toward healthier choices.

In an industry that evolves slowly, The Coca-Cola Company (NYSE:KO)’s scale gives it a strong advantage. Its powerful advertising creates demand that draws customers into stores, which in turn encourages retailers to give its products prime shelf space and maintain steady supplies. In addition, the decision to scale back on production has turned out to be either highly strategic and fortunate. Since most of the variable and often unpredictable costs in the beverage industry come from the bottling process, The Coca-Cola Company (NYSE:KO) has avoided much of the margin pressure faced by its bottling partners. In fact, the company has recently reported noticeable improvements in both operating and profit margins.

The Coca-Cola Company (NYSE:KO) is popular among income investors because of its generous dividends. The company has been rewarding shareholders with growing dividends for the past 63 years and currently offers a quarterly dividend of $0.51 per share. With a dividend yield of 3.07%, as of September 18, KO is among the best dividend stocks under $100.