5 Dividend Kings to Buy for 2022

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

Dividend Yield as of January 19: 2.76%

Number of Hedge Fund Holders: 61

Number of Years of Dividend Increases: 59

The Coca-Cola Company (NYSE:KO) is one of the most notable dividend kings to buy for 2022, offering a dividend payout ratio of 73.28%, with 59 years of consistent dividend increases. The Coca-Cola Company (NYSE:KO) is a multinational beverage corporation, headquartered in Atlanta, Georgia, distributing a portfolio of alcoholic and non-alcoholic drinks worldwide. 

The Coca-Cola Company (NYSE:KO) announced on January 18 in a virtual Capital Markets Day that the African business of The Coca-Cola Company (NYSE:KO) is expected to be set free in an IPO sometime in 2022. The organic revenue for the African division in Q3 2021 was 13.9% and the organic EBITDA growth was up by 19.4%.

On October 21, The Coca-Cola Company (NYSE:KO) declared a quarterly dividend of $0.42 per share, in line with previous. The dividend was paid on December 15, to shareholders of record on December 1. 

Guggenheim analyst Laurent Grandet upgraded The Coca-Cola Company (NYSE:KO) to Buy from Neutral with a price target of $66, up from $61 on January 4. The company is exiting the fiscal 2021 transition year “stronger”, the analyst told investors in a research note. The Coca-Cola Company (NYSE:KO)’s portfolio rationalization should lead to a “more focused and agile organization” with gross margin benefits and the valuation is “compelling” at current share levels. He sees 12% annual earnings growth through fiscal 2023.

According to the third quarter database of Insider Monkey, 61 hedge funds were long The Coca-Cola Company (NYSE:KO), with stakes equaling $25.1 billion. Warren Buffett’s Berkshire Hathaway is the biggest stakeholder of The Coca-Cola Company (NYSE:KO), with 400 million shares worth approximately $21 billion. 

You can also take a look at 10 High Yield Monthly Dividend Stocks and 10 ESG Dividend Stocks to Buy.

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