5 Best Performing Dividend Stocks in 2022

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

Dividend Yield as of December 21: 2.76%

An American multinational beverage company, The Coca-Cola Company (NYSE:KO) reported a 4% growth in its global unit case volume in the third quarter of 2022. Year-to-date, the company’s cash flow came in at $8.1 billion and its free cash flow amounted to $7.3 billion. Its revenue for Q3 also showed an 11% growth from the same period last year.

Atlantic Equities raised its price target on The Coca-Cola Company (NYSE:KO) to $69 in December with an Overweight rating on the shares, highlighting the company’s strong execution and elevated growth.

The Coca-Cola Company (NYSE:KO) currently pays a quarterly dividend of $0.44 per share. The company holds one of the longest dividend growth streaks of 60 years, which places it as one of the best dividend stocks on our list. The stock has a dividend yield of 2.76%, as of December 21.

As of the end of Q3 2022, 59 hedge funds in Insider Monkey’s database owned stakes in The Coca-Cola Company (NYSE:KO), with a collective value of $25 billion. Berkshire Hathaway was the company’s largest stakeholder with 400 million shares.

Carillon Tower Advisers mentioned The Coca-Cola Company (NYSE:KO) in its Q3 2022 investor letter. Here is what the firm has to say:

“Shares of The Coca-Cola Company (NYSE:KO) sold off with consumer staples even as the company reported strong pricing for the second quarter. On average, product prices rose with management hinting at further momentum.”