08-15-2013, 04:38 PM
So I am enjoying the minor dip we are seeing in the market this week, and jumped in today to buy my first shares of KO ever. I only bought a few shares, as I don’t think it is cheap by any means. But I’ve just felt sort of naked as a committed dividend growth investor not owning any KO. And it rarely goes on sale, so this week’s pullback felt like as good a time as any to grab some. Indeed, its yield today is at the high end of the range it has been in since about the summer of 2010, which I always take as a sign of a better entry point.
And of course KO is pretty sound on the important dividend growth metrics. I’d list those here, but Dan Mac (a poster here) recently posted a very good and detailed write-up of KO over at his Dividend Growth Stock Investing site.
I picked up 25 shares at $39.18 – wish me luck!
And of course KO is pretty sound on the important dividend growth metrics. I’d list those here, but Dan Mac (a poster here) recently posted a very good and detailed write-up of KO over at his Dividend Growth Stock Investing site.
I picked up 25 shares at $39.18 – wish me luck!