5 Best Beverage Dividend Stocks To Buy Now

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

Number of Hedge Fund Holders: 62

The Coca-Cola Company (NYSE:KO) is next on our list of the best beverage stocks that pay dividends. Warren Buffett’s favorite company has raised its dividends for 62 years straight and currently offers a quarterly dividend of $0.485 per share. The stock’s dividend yield on April 13 came in at 3.33%.

At the end of December 2023, 62 hedge funds tracked by Insider Monkey held stakes in The Coca-Cola Company (NYSE:KO), up from 58 in the previous quarter. These stakes are valued at nearly $27 billion in total.

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